U.S. construction: value of new residential construction 2011-2023

This statistic gives a forecast of new residential construction put in place in the United States between 2011 and 2023. New residential construction spending was projected to be approximately 586 billion (current) U.S. dollars in 2023.

Forecast for new residential construction put in place in the U.S. from 2011 to 2023 (in billion U.S. dollars)*

Value in billion U.S. dollars
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Release date

June 2019


United States

Survey time period

2011 to Q1 2019

Supplementary notes

* Current dollars; the figures for 2011 through 2018 are already accurate.

The values have been rounded.
Figures were compiled from several annual reports

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Statistics on "Construction in the United States"

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