US construction spending fell 0.2 percent from a month earlier in December 2019, following an upwardly revised 0.7 percent growth in November and missing market expectations of a 0.5 percent increase. It was the first month of contraction in activity since June, as private construction outlays dropped 0.1 percent due to a fall in spending on nonresidential structures, which includes manufacturing plant and mining exploration, shafts and well, to the lowest level since November 2018. Spending on nonresidential structures also declined, while that on homebuilding increased for a second straight month. Investment in public construction projects was 0.4 percent lower as spending on state and local government construction projects fell, while outlays on federal government construction projects climbed to the highest level since December 2012. For all of 2019, construction spending fell 0.3 percent, the first annual decline since 2011.

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 2021, according to our econometric models.


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United States Construction Spending

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.70 5.90 -4.80 1964 - 2019 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
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 -0.2% 0.7% 0.5% 0.3%
2020-03-02 03:00 PM Jan -0.2% 0.4% 0.4%
2020-04-01 02:00 PM Feb
2020-05-01 02:00 PM Mar -0.5%
2020-06-01 02:00 PM Apr


News Stream
US Construction Spending Falls for 1st Time in 6 Months
US construction spending fell 0.2 percent from a month earlier in December 2019, following an upwardly revised 0.7 percent growth in November and missing market expectations of a 0.5 percent increase. It was the first month of contraction in activity since June, as private construction outlays dropped 0.1 percent due to a fall in spending on nonresidential structures, which includes manufacturing plant and mining exploration, shafts and well, to the lowest level since November 2018. Spending on nonresidential structures also declined, while that on homebuilding increased for a second straight month. Investment in public construction projects was 0.4 percent lower as spending on state and local government construction projects fell, while outlays on federal government construction projects climbed to the highest level since December 2012. For all of 2019, construction spending fell 0.3 percent, the first annual decline since 2011.
2020-02-03
US Construction Spending Beats Forecast
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.
2020-01-03
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.
2019-12-02
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.
2019-11-01

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.