The new constructions put in place in the United States in 2020 were valued at almost 1.5 trillion U.S. dollars, and it is forecast to reach roughly 2 trillion U.S. dollars in 2025. Construction spending has been growing steadily over the last couple of years, it is estimated to have reached 1.6 trillion U.S. dollars in 2021. In 2021, residential building construction spending is also expected to follow a similar growth trend over the coming years, as well as non-residential construction.
New construction put in place in the United States from 2005 to 2020, with forecasts from 2021 to 2025
(in billion current U.S. dollars)
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FMI Corporation. (January 31, 2022). New construction put in place in the United States from 2005 to 2020, with forecasts from 2021 to 2025 (in billion current U.S. dollars) [Graph]. In Statista. Retrieved June 30, 2022, from https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
FMI Corporation. "New construction put in place in the United States from 2005 to 2020, with forecasts from 2021 to 2025 (in billion current U.S. dollars)." Chart. January 31, 2022. Statista. Accessed June 30, 2022. https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
FMI Corporation. (2022). New construction put in place in the United States from 2005 to 2020, with forecasts from 2021 to 2025 (in billion current U.S. dollars). Statista. Statista Inc.. Accessed: June 30, 2022. https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
FMI Corporation. "New Construction Put in Place in The United States from 2005 to 2020, with Forecasts from 2021 to 2025 (in Billion Current U.S. Dollars)." Statista, Statista Inc., 31 Jan 2022, https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
FMI Corporation, New construction put in place in the United States from 2005 to 2020, with forecasts from 2021 to 2025 (in billion current U.S. dollars) Statista, https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/ (last visited June 30, 2022)
