Construction spending in the US fell by 2.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.36 trillion in May 2020, following a revised 3.5 percent plunge and missing market expectations of a 1.0 percent growth. Spending on private construction dropped 3.3 percent led by falls in residential (-4.0 percent), lodging (-3.6 percent) and manufacturing spending (-4.1 percent). Meanwhile, public outlays rose by 1.2 percent mainly due to higher investment in highways, streets (2.8 percent).

Construction Spending in the United States averaged 0.44 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 July of 2020.

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 1.20 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
-2.10 -3.50 5.90 -4.80 1964 - 2020 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-01 02:00 PM Feb -1.3% 2.8% 0.5% 0.6%
2020-05-01 02:00 PM Mar 0.9% -2.5% -3.5% -4.6%
2020-06-01 02:00 PM Apr -2.9% 0.0% -6.5% -6.3%
2020-07-01 02:00 PM May -2.1% -3.5% 1% 1.5%
2020-08-03 02:00 PM Jun -2.1% 0.3%
2020-09-01 02:00 PM Jul
2020-10-01 02:00 PM Aug
2020-11-02 03:00 PM Sep 0.5%


News Stream
US Construction Spending Unexpectedly Falls in May
Construction spending in the US fell by 2.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.36 trillion in May 2020, following a revised 3.5 percent plunge and missing market expectations of a 1.0 percent growth. Spending on private construction dropped 3.3 percent led by falls in residential (-4.0 percent), lodging (-3.6 percent) and manufacturing spending (-4.1 percent). Meanwhile, public outlays rose by 1.2 percent mainly due to higher investment in highways, streets (2.8 percent).
2020-07-01
US Construction Spending Falls Most in 1-1/2 Years
Construction spending in the US fell by 2.9 percent from the previous month to a seasonally adjusted annual rate of USD 1.35 trillion in April 2020, after being unchanged in March and compared to market expectations of a 6.5 percent tumble. That was the largest decrease in construction spending since October 2018 as private outlays declined by 3.0 percent led by falls in residential (-4.5 percent), transportation (-5.9 percent) and commercial spending (-2.3 percent). Meanwhile, public outlays dropped by 2.5 percent due to lower investment in highways, streets (-5.2 percent) and educational (-2.3 percent).
2020-06-01
US Construction Spending Unexpectedly Rises in March
Construction spending in the US rose 0.9 percent from the previous month to a seasonally adjusted annual rate of USD 1.360 trillion in March 2020, rebounding from an upwardly revised 2.5 percent fall in the previous month and beating market expectations of a 3.5 percent decrease. Investment in public construction projects increased 1.6 percent (vs -0.6 percent in February) and those on private construction went up 0.7 percent (vs -3.1 percent). Considering the first quarter of the year, construction spending surged 6.7 percent over the same period of 2018. Year-on-year, construction spending advanced 4.7 percent.
2020-05-01
US Construction Spending Falls the Most in 16 Months
Construction spending in the US decreased 1.3 percent from the previous month to a seasonally adjusted annual rate of USD 1.367 trillion in February 2020, after an upwardly revised 2.8 percent rise in January and missing market expectations of a 0.5 percent increase. This was the biggest drop in construction spending since October 2018, as investment in public construction projects declined 1.5 percent (vs 3.5 percent in January) and those on private construction went down 1.2 percent (vs 2.5 percent). Year-on-year, construction spending surged 6 percent, easing from an 8 percent jump in January.
2020-04-01

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.