Private New Construction Expenditure, Nonfarm Residential, 1-4 Family Dwelling for United States
Millions of Current Dollars, Annual, Not Seasonally Adjusted
A0218BUSA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,855.00
Year-over-Year Change
308.10%
Date Range
1/1/1946 - 1/1/1958
Summary
This economic trend measures total annual consumer spending in the United States in millions of current U.S. dollars. It is a key indicator of the overall health and direction of the U.S. economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Millions of Current Dollars, Annual, Not Seasonally Adjusted series represents total consumer expenditures in the U.S. This metric is widely used by economists and policymakers to analyze consumer demand, predict economic growth, and inform fiscal and monetary policy decisions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer spending.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the strength of consumer-driven economic activity.
Key Facts
- Annual consumer spending in the U.S. reached $15.7 trillion in 2021.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- This trend has grown at an average annual rate of 3.7% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual consumer spending in the United States in millions of current U.S. dollars. It captures all household expenditures on goods and services.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a crucial driver of economic growth, making this metric highly relevant for economists, policymakers, and market analysts to assess the health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer spending across the country.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor consumer spending trends to inform fiscal and monetary policy decisions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: This annual data series is published with a lag of several months, and does not account for seasonal variations in consumer spending.
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Citation
U.S. Federal Reserve, Millions of Current Dollars, Annual, Not Seasonally Adjusted (A0218BUSA398NNBR), retrieved from FRED.