Residential construction put in place in the U.S. 2005-2022, with forecasts to 2027
From 2019 to 2022, despite the impact of COVID-19, new residential construction in the United States increased a lot, reaching roughly 910 billion in 2022. Nevertheless, home construction is expected to decrease every year until 2025. This measure does not only include single-family and multi-family housing construction, but also the value of the home improvements segment, which includes additions, alterations and major replacements. Non-residential construction spending is projected to follow a similar trend.
