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United States Construction Spending

Last Release
Mar 31, 2022
Actual
0.1
Forecast
N/A
Previous
0.5
Frequency
Monthly
Units In
%
Next Release
Jun 01, 2022
Time to Release
14 Days 23 Hours
Highest
Lowest
Average
Date Range
Source
5.9
Apr 1978
-4.8
Feb 1975
0.46 %1964-2022U.S. Census Bureau
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.

Latest Updates

Construction spending in the US increased by 0.1 percent from the previous month to a seasonally adjusted annual rate of USD 1.731 trillion in March of 2022, slowing from a 0.5 percent advance in February and missing market expectations of a 0.7 percent gain. Spending on private construction rose 0.2 percent, mainly due to higher expenditure for new single family residential construction (1.3 percent) and communication infrastructure (0.1 percent), while spending fell for commercial construction (-1.9 percent). On the other hand, public construction outlays fell 0.2 percent from the previous month, dragged down by lower spending for non-residential construction (-0.3 percent).

United States Construction Spending History

Last 12 readings

United States Housing Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Building Permits
1,870
Mar 2022
1,865
Feb 2022
513
Mar 2009
2,419
Dec 1972
ThousandMonthly1960-2022
Building Permits MoM
0.3
Mar 2022
-1.6
Feb 2022
-24
Feb 1990
33.9
Jan 1967
%Monthly1960-2022
Case Shiller Home Price Index
285.63
Dec 2021
282.44
Nov 2021
100
Jan 2000
285.63
Dec 2021
PointsMonthly2000-2021
Case Shiller Home Price Index MoM
2.4
Feb 2022
1.4
Jan 2022
-2.8
Jan 2009
2.6
Apr 2013
%Monthly2000-2022
Case Shiller Home Price Index YoY
20.2
Feb 2022
19.1
Jan 2022
-19
Jan 2009
20.2
Feb 2022
%Monthly2001-2022
Construction Spending
0.1
Mar 2022
0.5
Feb 2022
-4.8
Feb 1975
5.9
Apr 1978
%Monthly1964-2022
Existing Home Sales
5,770
Mar 2022
5,930
Feb 2022
1,370
Mar 1970
7,250
Sep 2005
ThousandMonthly1968-2022
Existing Home Sales MoM
-2.7
Mar 2022
-8.6
Feb 2022
-22.5
Jul 2010
23.7
Jul 2020
N/A1968-2022
Home Ownership Rate
65.4
Mar 2022
65.5
Dec 2021
62.9
Mar 1965
69.2
Jun 2004
%Quarterly1965-2022
House Price Index MoM
2.1
Feb 2022
1.6
Jan 2022
-1.8
Nov 2008
2.1
Feb 2022
N/A1991-2022
House Price Index YoY
19.4
Feb 2022
18.2
Jan 2022
-10.6
Nov 2008
19.4
Feb 2022
N/A1992-2022
Housing Index
381.4
Feb 2022
373.35
Jan 2022
100
Jan 1991
381.4
Feb 2022
%Monthly1991-2022
Housing Starts
1,793
Mar 2022
1,788
Feb 2022
478
Apr 2009
2,494
Jan 1972
Thousand unitsMonthly1959-2022
Housing Starts MoM
0.3
Mar 2022
6.5
Feb 2022
-26.4
Mar 1984
29.3
Jul 1982
N/A1959-2022
MBA Mortgage Market Index
358.9
May 2022
351.8
Apr 2022
64.2
Oct 1990
1,856.7
May 2003
N/A1990-2022
MBA Mortgage Refinance Index
913.6
May 2022
932.3
Apr 2022
59
Dec 1994
9,977.8
May 2003
N/A1990-2022
MBA Purchase Index
255.4
May 2022
244.4
Apr 2022
53.5
Dec 1990
529.3
Jun 2005
N/A1990-2022
Mortgage Applications
2
May 2022
2.5
Apr 2022
-40.5
Jan 1993
112.1
Nov 2008
%Weekly1990-2022
Mortgage Rate
5.53
May 2022
5.36
Apr 2022
2.85
Dec 2020
10.56
Apr 1990
%Weekly1990-2022
Nahb Housing Market Index
69
May 2022
77
Apr 2022
8
Jan 2009
90
Nov 2020
Monthly1985-2022
New Home Sales
763
Mar 2022
835
Feb 2022
270
Feb 2011
1,389
Jul 2005
Thousand unitsMonthly1963-2022
New Home Sales MoM
-8.6
Mar 2022
-1.2
Feb 2022
-33.6
May 2010
31.2
Apr 1963
N/A1963-2022
Pending Home Sales
-8.2
Mar 2022
-5.4
Feb 2022
-33.6
Apr 2020
51.7
Apr 2021
%Monthly2002-2022
Pending Home Sales MoM
-1.2
Mar 2022
-4
Feb 2022
-30.3
May 2010
41.9
May 2020
%Monthly2001-2022
Single Family Home Prices
375,300
Mar 2022
357,300
Feb 2022
19,700
Jan 1968
375,300
Mar 2022
USDMonthly1968-2022

Construction Spending across North America

Construction Spending global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
United States
0.1
Mar 2022
0.5
Feb 2022
-4.8
Feb 1975
5.9
Apr 1978
% Monthly1964-2022

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