spending of the construction industry overall in the U.S. has also been on the increase during the past years.
The private sector construction spending experienced a positive trend in 2021, when the value of new private construction put in place surpassed 1.2 trillion U.S. dollars. Even though the start of the COVID-19 pandemic affected the construction industry, the value of new private construction kept growing in 2020, reaching over 1.1 trillion U.S. dollars. Additionally, the Average monthly value of new private construction put in place in the U.S. from 1999 to 2021 (in billion U.S. dollars)
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US Census Bureau. (May 2, 2022). Average monthly value of new private construction put in place in the U.S. from 1999 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/
US Census Bureau. "Average monthly value of new private construction put in place in the U.S. from 1999 to 2021 (in billion U.S. dollars)." Chart. May 2, 2022. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/
US Census Bureau. (2022). Average monthly value of new private construction put in place in the U.S. from 1999 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/
US Census Bureau. "Average Monthly Value of New Private Construction Put in Place in The U.S. from 1999 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 May 2022, https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/
US Census Bureau, Average monthly value of new private construction put in place in the U.S. from 1999 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/ (last visited May 19, 2022)