Total Public Construction Spending: Nonresidential in the United States
MPCPNRXXS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-107.69%
Date Range
2/1/2002 - 6/1/2025
Summary
The Total Public Construction Spending: Nonresidential trend measures the value of nonresidential construction projects undertaken by governments in the United States. This metric is a key indicator of infrastructure investment and public sector economic activity.
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 new construction for public nonresidential buildings and infrastructure, such as highways, streets, and educational facilities. It is an important gauge of government investment priorities and fiscal policy direction.
Methodology
The data is collected through surveys of construction project owners and contractors by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess the health of the construction industry and the public sector's role in infrastructure development.
Key Facts
- Public nonresidential construction accounts for about 30% of total construction spending in the U.S.
- The trend reached a peak of $334 billion in 2009 during the economic stimulus program.
- Spending on highways and streets makes up the largest share of public nonresidential construction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of new construction projects for public nonresidential buildings and infrastructure, such as highways, streets, and educational facilities, undertaken by governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of government investment priorities and fiscal policy direction, providing insights into the health of the construction industry and the public sector's role in infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction project owners and contractors by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the state of the construction industry and the public sector's role in infrastructure development, which can inform decisions about fiscal policy and government spending priorities.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with a typical release lag of about 1-2 months.
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Total Public Construction Spending: Residential in the United States
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Citation
U.S. Federal Reserve, Total Public Construction Spending: Nonresidential in the United States (MPCPNRXXS), retrieved from FRED.