Construction spending in the United States stalled month-over-month to a seasonally adjusted annual rate of $2,153 billion in November 2024, following an upwardly revised 0.5% increase in October and missing market forecasts of a 0.3% rise. Private spending edged up by 0.1% in the period, after increasing by 0.6% in October, with the residential segment rising by 0.1% and the non-residential one stagnating. On the other hand, public spending fell by 0.1%, after easing by the same margin in October, as the 1.6% increase in the residential was partly offset by a 0.2% decrease in the non-residential segment. Yearly, construction spending grew by 3% in November. source: U.S. Census Bureau

Construction Spending in the United States decreased 0 percent in November of 2024 over the previous month. Construction Spending in the United States averaged 0.47 percent from 1964 until 2024, 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 January of 2025.

Construction Spending in the United States decreased 0 percent in November of 2024 over the previous month. Construction Spending in the United States is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-02 03:00 PM
Construction Spending MoM
Oct 0.4% 0.1% 0.2% 0.2%
2025-01-02 03:00 PM
Construction Spending MoM
Nov 0% 0.5% 0.3% 0.4%
2025-02-03 03:00 PM
Construction Spending MoM
Dec 0% 0.3%


Related Last Previous Unit Reference
Building Permits 1493.00 1419.00 Thousand Nov 2024
Building Permits MoM 5.20 -0.40 percent Nov 2024
Construction Spending MoM 0.00 0.40 percent Nov 2024
Home Ownership Rate 65.60 65.60 percent Jun 2024
Housing Starts 1289.00 1312.00 Thousand units Nov 2024
Housing Starts MoM -1.80 -3.20 percent Nov 2024
Housing Starts Multi Family 264.00 348.00 Thousand units Nov 2024
Housing Starts Single Family 1011.00 950.00 Thousand units Nov 2024
New Home Sales 664.00 627.00 Thousand units Nov 2024
New Home Sales MoM 5.90 -14.80 percent Nov 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.40 5.90 -4.80 1964 - 2024 percent Monthly
Current Prices, SA


News Stream
US Construction Spending Unexpectedly Flatlines
Construction spending in the United States stalled month-over-month to a seasonally adjusted annual rate of $2,153 billion in November 2024, following an upwardly revised 0.5% increase in October and missing market forecasts of a 0.3% rise. Private spending edged up by 0.1% in the period, after increasing by 0.6% in October, with the residential segment rising by 0.1% and the non-residential one stagnating. On the other hand, public spending fell by 0.1%, after easing by the same margin in October, as the 1.6% increase in the residential was partly offset by a 0.2% decrease in the non-residential segment. Yearly, construction spending grew by 3% in November.
2025-01-02
US Construction Spending Rises More than Expected
Construction spending in the United States rose by 0.4% month-over-month to a seasonally adjusted annual rate of $2,174 billion in October 2024, following a 0.1% increase in September and more than an expected 0.2% advance. This marks the third consecutive increase in construction spending and the strongest since April. Private spending rose by 0.7% in the period, with the residential segment growing by 1.5%, particularly in single-family projects (+0.8%). Conversely, the non-residential segment shrank by 0.3%. Meanwhile, public spending decreased by 0.5%, as both the residential and the non-residential segments contracted by 0.5%. Yearly, construction spending grew by 5% in October.
2024-12-02
US Construction Spending Edges Up
Construction spending in the United States rose by 0.1% month-over-month to a seasonally adjusted annual rate of $2,148.8 billion in September 2024, slightly exceeding forecasts that anticipated no growth. Private spending was flat in the period, with the residential segment up by 0.2% and the non-residential one falling by 0.1%. On the other hand, public spending increased by 0.5%, driven by a 2.3% rise in the residential segment and, to a lesser extent, a 0.4% increase in the non-residential segment. Yearly, construction spending grew by 4.6% in September.
2024-11-01