Construction Spending in the United States increased 0.40 percent in November of 2021 over the previous month. Construction Spending in the United States averaged 0.46 percent from 1964 until 2021, reaching an all time high of 5.90 percent in April of 1978 and a record low of -4.80 percent in February of 1975. Construction Spending refers to monthly estimates of the total dollar value of construction work done on new structures or improvements to existing structures for private and public sectors each month in the United States. In 2016, private construction spending accounted for 75 percent of total spending and public for 25 percent. Spending in non-residential construction represented 60 percent of total and residential accounted for 40 percent. This page provides the latest reported value for — United States Construction Spending — plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.