The value of new residential construction put in place in the United States fell in 2023, and it is expected to decrease again in 2024. These figures refer to the construction of single-family and multi-family housing, as well as to the value of the home improvements segment, which includes additions, alterations and major replacements. Non-residential construction spending is rose significantly in 2023.
New residential construction put in place in the United States from 2005 to 2023, with forecasts until 2027
(in billion current U.S. dollars)
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FMI Corporation. (April 30, 2024). New residential construction put in place in the United States from 2005 to 2023, with forecasts until 2027 (in billion current U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/226482/projected-value-of-total-us-residential-construction/
FMI Corporation. "New residential construction put in place in the United States from 2005 to 2023, with forecasts until 2027 (in billion current U.S. dollars)." Chart. April 30, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/226482/projected-value-of-total-us-residential-construction/
FMI Corporation. (2024). New residential construction put in place in the United States from 2005 to 2023, with forecasts until 2027 (in billion current U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/226482/projected-value-of-total-us-residential-construction/
FMI Corporation. "New Residential Construction Put in Place in The United States from 2005 to 2023, with Forecasts until 2027 (in Billion Current U.S. Dollars)." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/226482/projected-value-of-total-us-residential-construction/
FMI Corporation, New residential construction put in place in the United States from 2005 to 2023, with forecasts until 2027 (in billion current U.S. dollars) Statista, https://www.statista.com/statistics/226482/projected-value-of-total-us-residential-construction/ (last visited December 23, 2024)
New residential construction put in place in the United States from 2005 to 2023, with forecasts until 2027 (in billion current U.S. dollars) [Graph], FMI Corporation, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/226482/projected-value-of-total-us-residential-construction/
