Total Construction, Value, Engineering News-Record for United States
M02107USM398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
360.60
Year-over-Year Change
6.75%
Date Range
1/1/1913 - 12/1/1962
Summary
The Total Construction, Value, Engineering News-Record for United States series measures the total value of construction projects in the U.S. This metric is a key indicator of economic activity and is closely monitored by policymakers and industry analysts.
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 tracks the total value of construction projects across all sectors, including residential, commercial, and infrastructure. It is a broad measure of construction industry output and serves as an important barometer of overall economic health and investment.
Methodology
The data is collected and reported monthly by Engineering News-Record, a leading industry publication.
Historical Context
Policymakers and economists use this data to assess the strength of the construction sector and make informed decisions about economic and infrastructure policies.
Key Facts
- The total value of U.S. construction projects reached a record high in 2022.
- The construction industry accounts for over 4% of the U.S. GDP.
- Housing starts and commercial building are key components of the total construction value metric.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of construction projects, including residential, commercial, and infrastructure, across the United States.
Q: Why is this trend relevant for users or analysts?
A: The total construction value is a crucial indicator of economic activity and investment, making it highly relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by Engineering News-Record, a leading industry publication.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the strength of the construction sector and make informed decisions about economic and infrastructure policies.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical one-month lag between the reporting period and the data release.
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Citation
U.S. Federal Reserve, Total Construction, Value, Engineering News-Record for United States (M02107USM398NNBR), retrieved from FRED.