US construction spending fell 0.1 percent from a month earlier to a seasonally adjusted annual rate of USD 1.31 trillion in October 2018, the same as September's revised figure and below market expectations of a 0.4 percent rise. Spending on private construction dropped 0.4 percent, after rising 0.4 percent in September, as private residential outlays declined 0.5 percent to their lowest since November 2017 and spending on private non-residential projects went down 0.3 percent, the biggest decrease since March. Meanwhile, investment in public construction increased 0.8 percent, after falling 1.5 percent in September, as spending on state and local government construction rose 0.5 percent and that on federal construction surged 3.7 percent. Year-on-year, construction spending increased 4.9 percent. Construction Spending in the United States averaged 0.45 percent from 1964 until 2018, 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.

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. Looking forward, we estimate Construction Spending in the United States to stand at 0.80 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.

United States Construction Spending
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-04 02:00 PM Construction Spending MoM 0.1% -0.8% 0.5% 0.4%
2018-10-01 02:00 PM Construction Spending MoM 0.1% 0.2% 0.4% 0.4%
2018-11-01 02:00 PM Construction Spending MoM 0% 0.8% 0.1% 0.3%
2018-12-03 03:00 PM Construction Spending MoM -0.1% -0.1% 0.4% 0.40%
2019-01-03 03:00 PM Construction Spending MoM -0.1%
2019-02-01 03:00 PM Construction Spending MoM 1%
2019-03-01 03:00 PM Construction Spending MoM


United States Housing Last Previous Highest Lowest Unit
Building Permits 1263.00 1270.00 2419.00 513.00 Thousand [+]
Housing Starts 1228.00 1210.00 2494.00 478.00 Thousand units [+]
New Home Sales 544.00 597.00 1389.00 270.00 Thousand [+]
Pending Home Sales -6.70 -0.90 30.90 -24.30 percent [+]
Existing Home Sales 5220.00 5150.00 7250.00 1370.00 Thousand [+]
Construction Spending -0.10 -0.10 5.90 -4.80 percent [+]
Housing Index 0.20 0.40 1.20 -1.80 percent [+]
Nahb Housing Market Index 60.00 68.00 78.00 8.00 [+]
Mortgage Rate 5.08 5.12 10.56 3.47 percent [+]
Mortgage Applications 2.00 5.50 49.10 -38.80 percent [+]
Case Shiller Home Price Index 213.76 213.80 213.80 100.00 Index Points [+]
Home Ownership Rate 64.40 64.30 69.20 62.90 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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.10 5.90 -4.80 1964 - 2018 percent Monthly
Current Prices, SA




Country Last Previous
United States -0.10 Oct/18


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