Construction spending in the US increased 0.6 percent from a month earlier at a seasonally adjusted USD 1.32 trillion in November 2019, following a revised 0.1 percent gain in the previous month and beating market expectations of 0.3 percent. Spending on public construction climbed 0.9 percent, accelerating from a 0.1 percent gain in October and investment in private construction rose 0.4 percent, after edging up 0.1 percent. Year-on-year, construction spending climbed 4.1 percent.

Construction Spending in the United States averaged 0.44 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. 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.

Construction Spending in the United States is expected to be -0.50 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 0.40 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.


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United States Construction Spending

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.10 5.90 -4.80 1964 - 2019 percent Monthly
Current Prices, SA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 02:00 PM Aug 0.1% 0% 0.4% 0.2%
2019-11-01 02:00 PM Sep 0.5% -0.3% 0.2% 0.3%
2019-12-02 03:00 PM Oct -0.8% -0.3% 0.4% 0.2%
2020-01-03 03:00 PM Nov 0.6% 0.1% 0.3% 0.5%
2020-02-03 03:00 PM Dec 0.6% -0.4%


News Stream
2019-12-02
US Construction Spending Unexpectedly Falls
Construction spending in the US decreased 0.8 percent from a month earlier at a seasonally adjusted USD 1.29 trillion in October 2019, following a revised 0.3 percent drop in the previous month and against market expectations of a 0.4 percent rise. It was the second straight monthly decline in construction spending and the sharpest since June. Investment in private construction slumped 1.0 percent in October, after a 1.1 percent fall in September; while spending on public construction edged down 0.2 percent, reversing from a 1.9 percent gain.

2019-11-01
US Construction Spending Above Forecasts
Construction spending in the US increased 0.5 percent from a month earlier at a seasonally adjusted USD 1.29 trillion in September 2019, after a revised 0.3 percent fall in the previous month and beating market expectations of a 0.2 percent rise. Spending on public construction advanced 1.5 percent, rebounding from a 0.4 percent fall in August, as spending on state and local government construction projects climbed 1.6 percent. Also, investment in private construction increased 0.2 percent, up from a 0.3 percent drop. Year-on-year, construction spending slumped 2 percent.

2019-10-01
US Construction Spending Below Forecasts
Construction spending in the US increased 0.1 percent from a month earlier at a seasonally adjusted annual rate of USD 1.29 trillion in August of 2019, after showing no growth in the previous month and well below market expectations of a 0.4 percent gain. Spending on public construction advanced 0.4 percent, easing from a 1.4 percent jump in July. Investment in private construction was flat, after a 0.5 percent fall in the prior month, as a 0.9 percent increase in private residential investment, the highest since November 2018, was offset by a second straight monthly decline in outlays on nonresidential projects (-1 percent from -1.6 percent). Year-on-year, construction spending slumped 1.9 percent.

2019-09-03
US Construction Spending Rises Less than Expected
US construction spending increased 0.1 percent from a month earlier at a seasonally adjusted annual rate of USD 1.29 trillion in July of 2019, recovering from a downwardly revised 0.7 percent fall in the previous month and missing market expectations of a 0.3 percent gain. Investment in public construction rose 0.4 percent, after a 3.1 percent slump in June, as spending on state and local government construction projects rebounded 0.6 percent. Meantime, spending on private construction decreased 0.1 percent, down from a 0.1 percent gain.

2019-08-01
US Construction Spending Drops the Most in 7 Months
US construction spending fell 1.3 percent from a month earlier at a seasonally adjusted annual rate of USD 1.29 trillion in June of 2019, following a downwardly revised 0.5 percent decline in the previous month and against market expectations of a 0.5 percent rise. It was the largest drop since November last year. Spending on private construction tumbled 0.4 percent to a more than 1-1/2-year low, after a 0.3 percent decrease in May, mainly due to a 0.5 percent fall in residential projects. Also, investment in public construction slumped 3.7 percent, the largest drop since March of 2002, after decreasing 1.2 percent in May, as spending on state and local government construction projects fell 4.1 percent, also the biggest decline since March 2002.

2019-07-01
US Construction Spending Unexpectedly Falls in May
US construction spending fell 0.8 percent from a month earlier at a seasonally adjusted annual rate of USD 1.29 trillion in May 2019, after an upwardly revised 0.4 percent rise in the previous month and below market expectations of a 0.1 percent gain. It was the largest decline since November last year, as spending on private construction dropped 0.7 percent, after declining 1 percent in April, as investment in private residential projects fell for the fifth consecutive month to its weakest since December 2016 (-0.6 percent, the same as in April) and nonresidential structures (-0.9 percent vs -1.4 percent). Also, investment in public construction decreased 0.9 percent, after rising 4.5 percent in the prior month, of which state and local government construction projects (-0.6 percent vs 4.3 percent) and federal government projects (-5.2 percent vs 7.3 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.

United States Housing Last Previous Highest Lowest Unit
Building Permits 1416.00 1474.00 2419.00 513.00 Thousand [+]
Housing Starts 1608.00 1375.00 2494.00 478.00 Thousand units [+]
New Home Sales 719.00 710.00 1389.00 270.00 Thousand units [+]
Pending Home Sales 7.40 4.90 30.90 -24.30 percent [+]
Existing Home Sales 5540.00 5350.00 7250.00 1370.00 Thousand [+]
Construction Spending 0.60 0.10 5.90 -4.80 percent [+]
Nahb Housing Market Index 75.00 76.00 78.00 8.00 [+]
Housing Index 0.20 0.20 1.20 -1.80 percent [+]
Mortgage Rate 3.87 3.87 10.56 3.47 percent [+]
Mortgage Applications -1.20 30.20 49.10 -38.80 percent [+]
Case Shiller Home Price Index 218.43 218.24 218.43 100.00 points [+]
Home Ownership Rate 64.80 64.10 69.20 62.90 percent [+]