Total value of new private construction put in place in the U.S. from 1999 to 2015 (in billion U.S. dollars)*

Loading statistic...
YearValue in billion U.S. dollars

© Statista 2017

Download Settings Share
Chart type
Share on Social Media
HTML code to embed chart as PNG (FAQ)
Description Source More information
The statistic reflects the total value of new private construction put in place in the United States between 1999 and 2014. Here, the total value of new private construction put in place came to around 675 billion U.S. dollars in 2003.
Value of new private construction put in place

Valued at around 824 billion U.S. dollars in 2015, private sector construction spending continued its positive trend from 2010, when the value of new private construction put in place came to a little over 500 billion U.S. dollars. The sector can be divided into non-residential and residential construction. Non-residential construction was valued at around 389 billion U.S. dollars in 2015. In the same year, the value of new private residential buildings put in place came to around 417 billion U.S. dollars, the highest value since the 2008 subprime mortgage crisis shocked the U.S. housing market. In light of historically low mortgage rates - the 15-year fixed-rate dropped to under three percent in 2012 — the US housing market seems to be on the path to recovery throughout the nation.

The increase in value of new private construction put in place also translated into higher property prices, which were back to pre-crisis levels by 2012. In addition, the national Case-Shiller Home Price Index grew from around 128 points in 2011 to about 176 points in 2015. However, the positive signs are more obvious in some parts of the country than others. While foreclosure filings are down in Seattle, foreclosure activity remains high in Massachusetts, Vermont and New Jersey.
Show more
Release date
United States
Survey time period
1999 to 2015
Supplementary notes
* The values for 1999 through 2007 are taken from previous editions of the publication.
The values have been rounded.

Private construction includes the following categories of private construction not shown separately: highway and street and conservation and development.

Statista Accounts: Access All Statistics. Starting from $588 / Year

Statistics on "Private construction in the United States"

  • Overview of private sector
  • Status quo
  • Subsectors of private construction
  • Regional construction

Related Studies: Available to Download in PDF or PPTX Format

Construction in the United States

All Information
in one Presentation

Construction in the United States

Everything On "Construction in the United States" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista for Your Company: The Research and Analysis Tool

  • Product Film
  • Statistics
  • Downloads

Our Premium Statistics - facts for your business

Currently, Statista provides more than 1 million statistics.
93 percent (all Premium content) are exclusively accessible via our professional accounts.

Unlimited access

As a Statista Premium customer, you receive unlimited access to all statistics at all times. Including downloads of data in the most common formats (XLS, PDF & PNG). Create relevant and significant statistics in no time.

You are in good company

Further Content: Statistics, Studies, and Topic Pages

Our Business Solutions: Save Time and Money



per year
Your advantages
  • Full access to all our statistics
  • Download as XLS, PDF & PNG
  • Relevant data: complete source information
All functions of our platform illustrated face-to-face
  • Learn how Statista supports your company
  • Extensive tour across the whole portal
  • Personal guidance by our support team
The knowledge database for your company
  • All functions of the Premium Account
  • Access to dossiers, forecasts and studies
  • Access to our international database
  • Publishing rights and other exclusive functions