US construction spending surged 1.3 percent from a month earlier to a seasonally adjusted annual rate of USD 1.28 trillion in January 2019, reversing an upwardly revised 0.8 percent drop in December and easily beating market expectations of 0.4 percent. It was the biggest increase in construction spending since April, as investment in public construction projects jumped 4.9 percent to its highest level since September 2010, marking the largest monthly advance since March 2004. Spending on federal government construction projects climbed 4.2 percent to the highest level since October 2017; and that on state and local government construction projects increased 4.9 percent to an over nine-year high. In addition, spending on private construction rose 0.2 percent after falling for two straight months. Construction Spending in the United States averaged 0.45 percent from 1964 until 2019, reaching an all time high of 5.90 percent in April of 1978 and a record low of -4.80 percent in February of 1975.

Construction Spending in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Spending in the United States to stand at 1.10 in 12 months time. In the long-term, the United States Construction Spending is projected to trend around 0.40 percent in 2020, according to our econometric models.

United States Construction Spending
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-03 03:00 PM Construction Spending MoM -0.1% -0.1% 0.4% 0.40%
2019-02-01 03:00 PM Construction Spending MoM 0.8% 0.1% 0.2% 0.2%
2019-03-04 03:00 PM Construction Spending MoM -0.6% 0.8% 0.2% 0.3%
2019-03-13 02:00 PM Construction Spending MoM 1.3% -0.8% 0.4% 0.3%
2019-04-01 02:00 PM Construction Spending MoM 1.3%
2019-05-01 02:00 PM Construction Spending MoM 0.4%
2019-06-03 02:00 PM Construction Spending MoM


United States Housing Last Previous Highest Lowest Unit
Building Permits 1345.00 1326.00 2419.00 513.00 Thousand [+]
Housing Starts 1230.00 1037.00 2494.00 478.00 Thousand units [+]
New Home Sales 607.00 652.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -2.30 -9.90 30.90 -24.30 percent [+]
Existing Home Sales 5510.00 4930.00 7250.00 1370.00 Thousand [+]
Construction Spending 1.30 -0.80 5.90 -4.80 percent [+]
Housing Index 0.30 0.40 1.20 -1.70 percent [+]
Nahb Housing Market Index 62.00 62.00 78.00 8.00 [+]
Mortgage Rate 4.55 4.64 10.56 3.47 percent [+]
Mortgage Applications 1.60 2.30 49.10 -38.80 percent [+]
Case Shiller Home Price Index 212.96 213.45 213.85 100.00 Index Points [+]
Home Ownership Rate 64.80 64.40 69.20 62.90 percent [+]


United States Construction Spending

Construction Spending refers to monthly estimates of the total dollar value of construction work done on new structures or improvements to existing structures for private and public sectors each month in the United States. In 2016, private construction spending accounted for 75 percent of total spending and public for 25 percent. Spending in non-residential construction represented 60 percent of total and residential accounted for 40 percent. This page provides the latest reported value for - United States Construction Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Construction Spending - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 -0.80 5.90 -4.80 1964 - 2019 percent Monthly
Current Prices, SA




Country Last Previous
United States 1.30 Jan/19


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