The value of construction in the United States in 2017 was $1,230.6 billion, up 3.8 percent over the $1,185.7 billion spent in 2016, according to the U.S. Census Bureau.
The value of private construction in 2017 was $950.7 billion, a 5.8 percent gain over the $898.7 billion spent in 2016. Residential construction in 2017 was $515.9 billion, 10.6 percent above the 2016 level.
Construction spending in December 2017 was estimated at a seasonally adjusted annual rate of $1,253.3 billion, 0.7 percent above the November revised estimate. Spending on private construction in December was at an annual rate of $963.2 billion, 0.8 percent above the revised November estimate of $955.9 billion. Residential construction was at an annual rate of $526.1 billion in December, 0.5 percent above the revised November estimate.
