Nonfarm Nonresidential Building Activity for United States
A02240USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,014.00
Year-over-Year Change
-44.47%
Date Range
1/1/1850 - 1/1/1939
Summary
The Nonfarm Nonresidential Building Activity for the United States measures the value of new construction put in place for commercial, industrial, and other nonresidential buildings. This metric is a key indicator of economic activity and investment in the private sector.
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
This series represents the dollar value of new construction for nonresidential buildings, excluding residential structures. It is used by economists and policymakers to assess the health and direction of the commercial real estate market and broader business investment trends.
Methodology
The data is collected through surveys by the U.S. Census Bureau.
Historical Context
Trends in nonresidential building activity provide insights into business confidence and capital expenditures, which can inform monetary and fiscal policy decisions.
Key Facts
- Nonresidential building construction accounts for about 50% of total construction spending in the U.S.
- Nonresidential building activity declined sharply during the 2008-2009 recession but has since recovered to pre-recession levels.
- The commercial office and healthcare sectors are major drivers of nonresidential building activity in the U.S.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of new construction for nonresidential buildings in the United States, such as commercial, industrial, and institutional structures.
Q: Why is this trend relevant for users or analysts?
A: Trends in nonresidential building activity provide insights into business confidence, investment, and the overall health of the commercial real estate market, which are important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Nonresidential building activity is monitored by economists and policymakers as an indicator of business investment and economic growth, which can inform decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Nonfarm Nonresidential Building Activity for United States (A02240USA398NNBR), retrieved from FRED.