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Forecast: construction expenditure by the construction industry U.S. 2008-2018

Value of construction put in place by the construction industry in the United States from 2008 to 2018

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Supplementary notes

* Forecast.

Methodology and further information: Historic data were retrieved from the United States Census Bureau up until 2013. All forecasts rely on sophisticated statistical modelling conducted by Statista Research & Analysis. Forecast methods include trend analysis and linear regressions under consideration of relevant market drivers.

Value of construction put in place is a measure of the value of construction installed or erected at the site during a given period. This includes cost of materials installed or erected, cost of labor, cost of construction equipment rental, contractor's profit, cost of architectural and engineering work, miscellaneous overhead and office costs chargeable to the project on the owner's books and interest and taxes paid during construction; Covers construction work done each month on new structures or improvements to existing structures for private and public sectors (in 50 states and the District of Columbia).

Note: Classification is not based on NAICS.

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