Construction spending in the US increased 1.3 percent from the previous month to a seasonally adjusted annual rate of USD 1.44 trillion in October 2020, following a downwardly revised 0.5 percent fall in September and beating market expectations of a 0.8 percent gain. That was the largest increase in construction spending since January. Spending on private construction rose 1.4 percent, rebounding from a 0.4 percent drop, fueled by investment in homebuilding amid record-low mortgage rates and a pandemic-driven migration to suburbs and low-density areas. Also, investment in public construction projects was up 1 percent, recovering from a 0.7 percent fall. source: U.S. Census Bureau

Construction Spending in the United States averaged 0.45 percent from 1964 until 2020, 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. United States Construction Spending - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

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 0.60 in 12 months time. In the long-term, the United States Construction Spending is projected to trend around 0.40 percent in 2021, according to our econometric models.

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United States Construction Spending

Actual Previous Highest Lowest Dates Unit Frequency
1.30 -0.50 5.90 -4.80 1964 - 2020 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-01 02:00 PM Jul 0.1% -0.5% 1% 0.5%
2020-10-01 02:00 PM Aug 1.4% 0.7% 0.8% 0.7%
2020-11-02 03:00 PM Sep 0.3% 0.8% 1% 0.7%
2020-12-01 03:00 PM Oct 1.3% -0.5% 0.8% 0.7%
2021-01-04 03:00 PM Nov 1.3% 0.6%
2021-02-01 03:00 PM Dec
2021-03-01 03:00 PM Jan
2021-04-01 02:00 PM Feb


News Stream
US Construction Spending Rises the Most in 9 Months
Construction spending in the US increased 1.3 percent from the previous month to a seasonally adjusted annual rate of USD 1.44 trillion in October 2020, following a downwardly revised 0.5 percent fall in September and beating market expectations of a 0.8 percent gain. That was the largest increase in construction spending since January. Spending on private construction rose 1.4 percent, rebounding from a 0.4 percent drop, fueled by investment in homebuilding amid record-low mortgage rates and a pandemic-driven migration to suburbs and low-density areas. Also, investment in public construction projects was up 1 percent, recovering from a 0.7 percent fall.
2020-12-01
US Construction Spending Rises Less than Forecast
Construction spending in the US rose 0.3 percent from the previous month to a seasonally adjusted annual rate of USD 1.41 trillion in September 2020, following a downwardly revised 0.8 percent growth in August and missing market expectations of 1.0 percent. Spending on private construction increased 0.9 percent, boosted by investment in homebuilding amid record low interest rates and increasing demand from people moving away from big cities due to the coronavirus crisis; while outlays on nonresidential construction like gas and oil well drilling dropped 1.5 percent. Meanwhile, spending on public construction projects fell 1.7 percent.
2020-11-02
US Construction Spending Rises Most in 7 Months
Construction spending in the US climbed 1.4 percent from the previous month to a seasonally adjusted annual rate of USD 1.41 trillion in August 2020, recovering from an upwardly revised 0.7 percent growth in July and easily beating market expectations of 0.8 percent. It was the largest increase in construction spending since January as private construction outlays surged 1.9 percent led by a 3.7 percent jump in residential construction. In addition, public construction outlays edged up 0.1 percent, boosted by spending on educational and highway construction.
2020-10-01
US Construction Spending Rebounds
Construction spending in the US increased 0.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.365 trillion in July of 2020, recovering from a downwardly revised 0.5 percent fall in June and well below market expectations of a 1.0 percent growth. Still, it was the first gain in construction spending since February. Spending on private construction rose 0.6 percent led by increases in residential (2.1 percent), transportation (3.2 percent), communication (1.2 percent) and manufacturing (0.2 percent). On the other hand, public outlays fell 1.3 percent mainly due to nonresidential (-1.3 percent).
2020-09-01

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.