U.S. construction - total value of new construction put in place 2018

The strength of the construction industry tends to parallel that of the nation’s economy. After the Great Recession in 2008, there was a noticeable decrease in the value of new construction put in place in the United States. Since then, the construction industry has grown, reaching 1.29 trillion U.S. dollars in 2018. This data includes cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, as well as contractors’ profits.

Construction industry challenges

To sustain growth, there are several challenges that the construction industry in the U.S. is currently facing One of the most notable barriers to growth is the shortage in skilled labor. There are many construction jobs that remain unfilled and contractors have difficulty finding someone for the position. Costs of building materials may also continuing to rise, fueled by a decrease in supply and an increase in demand. The construction industry also tends to be a slow moving market and is slow to adopt new technologies. To remain competitive, companies must adopt new technologies like management software, drone and aerial photography, and building information modeling. The modernization of the industry will also likely lead to the increasing use of environmentally friendly construction techniques. Under growing demand for sustainable buildings, companies must incorporate efforts to reduce their carbon footprint.

Total value of new construction put in place in the U.S. from 2008 to 2018

Value of new construction in billion U.S. dollars
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date



United States

Survey time period

2008 to 2018

Supplementary notes

Figures for 2016 and 2017 have been restated in the 2018 edition of the report.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Construction in the United States"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.