The new constructions put in place in the United States in 2023 were valued at almost two trillion U.S. dollars. In the coming years, the value of construction is expected to keep growing, reaching roughly 2.3 trillion U.S. dollars in 2028. Construction spending has been growing steadily over the last couple of years. Up to 2021, residential building construction spending also increased.
New construction put in place in the United States from 2005 to 2023, with forecasts until 2028
(in billion current U.S. dollars)
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FMI Corporation. (April 30, 2024). New construction put in place in the United States from 2005 to 2023, with forecasts until 2028 (in billion current U.S. dollars) [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
FMI Corporation. "New construction put in place in the United States from 2005 to 2023, with forecasts until 2028 (in billion current U.S. dollars)." Chart. April 30, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
FMI Corporation. (2024). New construction put in place in the United States from 2005 to 2023, with forecasts until 2028 (in billion current U.S. dollars). Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
FMI Corporation. "New Construction Put in Place in The United States from 2005 to 2023, with Forecasts until 2028 (in Billion Current U.S. Dollars)." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
FMI Corporation, New construction put in place in the United States from 2005 to 2023, with forecasts until 2028 (in billion current U.S. dollars) Statista, https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/ (last visited November 26, 2024)
New construction put in place in the United States from 2005 to 2023, with forecasts until 2028 (in billion current U.S. dollars) [Graph], FMI Corporation, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/226368/projected-value-of-total-us-construction/
