Construction Spending - Residential m/m

Indicator History

History of Event Dates
Event Date Time For
Period		 Currency Actual Forecast
What is this indicator?

Construction Spending - Residential m/m is a monthly economic indicator that measures the change in the total amount spent on residential construction projects in the United States from the previous month. The data is released by the US Census Bureau, and includes spending on new homes, renovations, and other residential construction projects.


Why is it important?

The indicator is important because the construction industry is a major contributor to economic growth, and residential construction is a key component of that industry. Changes in residential construction spending can signal shifts in consumer confidence, housing demand, and overall economic activity. Investors, economists, and policymakers closely monitor the Construction Spending - Residential m/m indicator as a leading indicator of broader economic trends. A strong reading indicates that consumers are investing in new homes or renovating existing properties, which can have a positive impact on the economy. A weak reading, on the other hand, can signal a decline in housing demand and a potential slowdown in economic growth.

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