Construction Spending Market Growth, Trend and Forecast by 2015-2019 Construction Spending Market 2019

Construction Spending Market Growth, Trend and Forecast by
2015-2019: Radiant Insights, Inc
Construction spending is a fiscal indicator as it determines the sum of expenditure towards construction.
The U.S Department of Commerce’s Census Bureau looks at the residential and non-residential
construction spending fields such as private, federal, and state. Also, the bureau releases survey every
month based on the calculation of the total dollar value of construction work.
During the survey, the value of monthly construction supplies is estimated. It is further proceeded by
calculating the of the overall dollar value of construction work completed in each month. This survey also
analyzes the novel improvements or structures to existing structures of the public and private zone. In the
quarter ending December 31, construction spending attained notable revenue. In addition, it was said to be
the remarkable expansion from the year ago when it was valued at 5.8%, positively affecting the
construction spending market.
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The survey can also display pent-up demand. As said above the survey significantly emphasizes on both
the private segment but also public segment construction results demonstrating the spending demand.
Construction spending was predicted to increase by around 1.5% to $1.14 trillion in the past. This was
owing to the escalation of both the aforementioned sectors. Although, public construction market
exceeded up to 4.5% to the greatest level after September 2010. Also, spending on the local and state
government projects was valued at the highest, boosting the construction spending market.
Currently, the segment escalated to 4.4%. In addition, federal government construction spending
surpassed 5.8%. When compared to 12 months ago, the spending has reached 8% with growth in
residential sector above 7% as stated by U.S Department of Commerce’s Census Bureau. The nonresidential sector grew up to 8.3%. Additionally, Lodging is said to be the rapid growing component with
27.7% climb.
The manufacturing sector is expected to rise on account of elevated demand for autos. Auto sales in the
U.S surpassed at substantial market revenue. Based on GCC regions, the construction spending market
can be split into UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman.

Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview