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February 01, 2021US CONSTRUCTION SPENDING, DECEMBER 2020 & ANNUAL 
Month over month (Dec 2020 vs Nov 2020, seasonally adjusted annual rate)
- US construction spending increased 1.0% to $1,490 billion
- Total Residential construction increased 3.1% to $700 billion
- Total Non-residential construction spending decreased 0.8% to $790 billion
- Private sector construction increased 1.2% to $1,138 billion
- Private residential construction increased 3.1% to $691 billion
- Private non-residential construction spending decreased 1.7% to $447 billion
- Public sector construction increased 0.5% to $353 billion
- Public residential construction increased 0.8% to $9.2 billion
- Public non-residential construction spending increased 0.5% to $344 billion
Year over year (Dec 2020 vs Dec 2019)
- US Construction spending was up 5.7%
- Private sector construction spending was up 6.5%
- Private residential construction spending was up 20.7%
- Private non-residential construction spending was down 9.8%
- Public sector construction spending was up 3.0%
- Public residential construction spending was up 22.7%
- Public non-residential construction spending was up 2.5%
Annual 2020
- US construction spending was up 4.6% in 2020 to $17.1 trillion
- Private sector construction was up 4.4% to $13.0 trillion
- Public sector construction was up 5.1% to $4.2 trillion
- Total Residential construction was up 11.3% to $7.4 trillion
- Total Non-residential construction was unchanged at $9.8 trillion
Source: US Census Bureau, retrieved from FRED, Federal Reserve Bank of St. Louis, February 1, 2021.
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