The value of public residential construction spending in the United States has risen significantly from 2002 to 2021. In 2021, the public sector spent over nine 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 9.19 billion U.S. dollars, a much higher figure than the 6.89 billion U.S. dollars of 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.
Average monthly U.S. public residential construction spending from 2002 to 2021
(in billion U.S. dollars)
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US Census Bureau. (May 2, 2022). Average monthly U.S. public residential construction spending from 2002 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 29, 2022, from https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/
US Census Bureau. "Average monthly U.S. public residential construction spending from 2002 to 2021 (in billion U.S. dollars)." Chart. May 2, 2022. Statista. Accessed May 29, 2022. https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/
US Census Bureau. (2022). Average monthly U.S. public residential construction spending from 2002 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 29, 2022. https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/
US Census Bureau. "Average Monthly U.S. Public Residential Construction Spending from 2002 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 May 2022, https://www.statista.com/statistics/238506/public-residential-construction-put-in-place-in-the-united-states/
US Census Bureau, Average monthly U.S. public residential construction spending from 2002 to 2021 (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 29, 2022)
