Total Private Construction Spending: Residential in the United States
Millions of Dollars, Not Seasonally Adjusted
PRRESCON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81,693.00
Year-over-Year Change
-6.40%
Date Range
1/1/1993 - 6/1/2025
Summary
The 'Millions of Dollars, Not Seasonally Adjusted' trend measures the total value of private residential construction put in place in the United States. This metric is a key indicator of the health and activity in the housing 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
The 'Millions of Dollars, Not Seasonally Adjusted' series tracks the total value of new private residential construction projects, including single-family homes, multifamily dwellings, and residential improvements. This data provides insight into consumer demand, builder confidence, and broader trends in the real estate market.
Methodology
The data is collected through surveys of construction firms and builders.
Historical Context
Policymakers and analysts monitor this metric to assess the strength of the housing market and broader economic conditions.
Key Facts
- The series is reported monthly by the U.S. Census Bureau.
- Private residential construction accounts for a significant portion of GDP.
- Housing starts and building permits are closely related economic indicators.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars, Not Seasonally Adjusted' series tracks the total value of new private residential construction projects in the United States, including single-family homes, multifamily dwellings, and residential improvements.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand, builder confidence, and broader trends in the real estate market, making it a key indicator for policymakers and analysts assessing the strength of the housing sector and the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and builders by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health of the housing market and its impact on the broader economy, which can inform policy decisions related to interest rates, housing regulations, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The series is reported monthly by the U.S. Census Bureau, with a typical delay of around one month between the reference period and the data release.
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Citation
U.S. Federal Reserve, Millions of Dollars, Not Seasonally Adjusted (PRRESCON), retrieved from FRED.