Construction Spending, published monthly by the U.S. Census Bureau under the formal name Value of Construction Put in Place, estimates the total dollar value of construction work done in the United States in a given month, covering private residential and nonresidential construction as well as public construction. It is reported both as a seasonally adjusted annual rate and as an unadjusted dollar figure, broken out by type of construction, with the release coming roughly two months after the reference month. As a broad measure spanning residential building, commercial construction and public infrastructure, it is read as an indicator of overall construction sector activity rather than of the housing market alone.
Facts
Classification
Release FrequencyStandard published release cadence for Construction Spending (official statistical release schedule). Geography
Geographic ScopeUnited States (U.S. Census Bureau) 2 In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Wikipedia
Wikimedia Foundation
2. U.S. Census Bureau
U.S. Census Bureau: Construction Spending
U.S. Census BureauIn Group: Housing Construction and Builder Activity, Page textQuote, In Group: Housing Construction and Builder Activity, Page text
The survey covers construction work done each month on new structures or improvements to existing structures for private and public sectors.
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