overall value of new residential construction put in place in the U.S. is expected to increase over the coming years.
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 Public residential construction spending in the U.S. from 2002 to 2022 (in billion U.S. dollars)
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Outlook
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- Premium Statistic Construction spending in the U.S. 2005-2021, with forecasts to 2026
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US Census Bureau. (February 2, 2023). Public residential construction spending in the U.S. from 2002 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 31, 2023, from https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/
US Census Bureau. "Public residential construction spending in the U.S. from 2002 to 2022 (in billion U.S. dollars)." Chart. February 2, 2023. Statista. Accessed May 31, 2023. https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/
US Census Bureau. (2023). Public residential construction spending in the U.S. from 2002 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 31, 2023. https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/
US Census Bureau. "Public Residential Construction Spending in The U.S. from 2002 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Feb 2023, https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/
US Census Bureau, Public residential construction spending in the U.S. from 2002 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/ (last visited May 31, 2023)
Public residential construction spending in the U.S. from 2002 to 2022 (in billion U.S. dollars) [Graph], US Census Bureau, February 2, 2023. [Online]. Available: https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/