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Construction spending

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 26 Apr 2023

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Construction Spending

Construction spending is the amount of money that is spent on the construction of buildings, roads, and other infrastructure. It is a key indicator of economic activity and is closely monitored by economists and investors. Construction spending is typically divided into two categories: residential and non-residential. Residential construction spending includes the construction of new homes, apartments, and other dwellings, while non-residential construction spending includes the construction of office buildings, factories, and other commercial structures. Construction spending is typically measured in terms of the total value of all construction projects in a given period.

History of Construction Spending

Construction spending has been tracked since the early 20th century. The first comprehensive survey of construction spending was conducted by the U.S. Census Bureau in 1937. Since then, the Census Bureau has conducted regular surveys of construction spending, which are used to track the health of the construction industry. Construction spending is also tracked by the U.S. Department of Commerce and other government agencies. Construction spending is an important indicator of economic activity, as it is closely linked to employment, wages, and other economic indicators.

Comparison of Construction Spending

Year Residential Non-Residential
2020 $1.2 trillion $0.8 trillion
2019 $1.1 trillion $0.7 trillion
2018 $1.0 trillion $0.6 trillion

Summary

Construction spending is an important indicator of economic activity and is closely monitored by economists and investors. It is typically divided into two categories: residential and non-residential. Construction spending is typically measured in terms of the total value of all construction projects in a given period. For more information about construction spending, visit the U.S. Census Bureau, the U.S. Department of Commerce, and other government agencies.

See Also

  • Housing Starts
  • Building Permits
  • Real Estate Investment
  • Real Estate Market
  • Real Estate Prices
  • Construction Industry
  • Construction Jobs
  • Construction Materials
  • Construction Equipment
  • Construction Costs

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