The private sector construction spending experienced a positive trend in 2023. That year, the value of new private construction put in place surpassed 1.67 trillion U.S. dollars. Even though the start of the COVID-19 pandemic affected the construction industry, the value of new private construction kept growing in 2020 and 2021. Private construction constituted most of theĀ overall construction spending in the U.S.
Value of new private construction put in place in the U.S. from 1999 to 2023
(in billion U.S. dollars)
Characteristic
Value in billion U.S. dollars
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US Census Bureau. (July 1, 2024). Value of new private construction put in place in the U.S. from 1999 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/
US Census Bureau. "Value of new private construction put in place in the U.S. from 1999 to 2023 (in billion U.S. dollars)." Chart. July 1, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/
US Census Bureau. (2024). Value of new private construction put in place in the U.S. from 1999 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/
US Census Bureau. "Value of New Private Construction Put in Place in The U.S. from 1999 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/
US Census Bureau, Value of new private construction put in place in the U.S. from 1999 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/ (last visited July 22, 2024)
Value of new private construction put in place in the U.S. from 1999 to 2023 (in billion U.S. dollars) [Graph], US Census Bureau, July 1, 2024. [Online]. Available: https://www.statista.com/statistics/184363/value-of-new-private-construction-put-in-place-in-the-us-since-1999/