Value of public residential construction spending in the U.S. 2002-2022
The value of public residential construction spending in the United States has risen significantly from 2002 to 2022. In 2021, the public sector spent nearly 9.3 billion US dollars on residential construction projects, which was a slight decrease in comparison to 2020. The biggest increase happened in 2020, when the public residential spending reached 9.5 billion U.S. dollars, a much higher figure than in the previous year. The overall value of new residential construction put in place in the U.S. is expected to increase over the coming years.
