U.S. Construction Industry Facts & Market Trends
The U.S. construction market is a foundational pillar of the broader economy. But exactly how large is the construction industry and how fast is it growing? This page provides an overview of key statistics and trends within the industry, including market size, annual spending, employment levels, and more.
Below are several key statistics from the most recent full year of available data:
- Total U.S. construction market size (annual spending): $2.2 trillion (2025)
- Construction industry share of U.S. GDP: 4.4% (2025)
- Total construction industry employment: 8.3 million (2025)
- Total employment in construction-specific occupations: 6.4 million (2024)
- Number of construction businesses (total): 3.7 million (2023)
- Number of construction businesses (with employees): 814,557 (2023)
- Total homes built per year: 1.5 million (2025)
Construction Industry Spending & Market Growth
This section provides the most recent estimates of the total value of construction work done in the U.S. The data is updated monthly and is sourced from the following U.S. Census Bureau surveys:
With the exception of the privately-owned housing starts and completions section, the data shown here covers construction spending on new and existing structures across the public and private sectors. All statistics shown are seasonally adjusted annual rates.
Total Construction Spending
Public vs. Private Spending
Residential vs. Nonresidential Spending
Privately-Owned Housing Starts & Completions
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Related Posts on Residential Construction
» More Residential Construction Reports
Nonresidential Spending by Sector
Top Nonresidential Sectors
Top Nonresidential Sectors by Growth
Nonresidential Spending by State
*State changes are adjusted for inflation
Private Nonresidential Spending by State
Total
*Total annual private construction spending
Per Capita
*Per capita annual private construction spending
State & Local Construction Spending by State
Total
*Total annual public construction spending
Per Capita
*Per capita annual public construction spending
**Note: The state and local (public) spending figures do include public residential construction, which is typically around 2% of total state and local construction spending annually.
Construction Employment Data
This section provides the most recent employment estimates for the construction industry. The data is updated monthly and is sourced from the U.S. Bureau of Labor Statistics Current Employment Statistics survey, which provides detailed industry estimates of wage and salary workers. The statistics presented below do not include the self-employed.
Total Construction Employment
Related Posts on Construction Employment
» More Construction Employment Reports
Residential vs. Nonresidential Employment
Construction Employment by Sector
Male vs. Female Construction Employment
Hourly Earnings
Related Posts on Salaries & Wages
» More Construction Wage Reports
Sources
- U.S. Census Bureau. Value of Construction Put in Place Survey [Data set]. Retrieved monthly from https://www.census.gov/construction/c30/c30index.html.
- U.S. Census Bureau. Building Permits Survey [Data set]. Retrieved monthly from https://www.census.gov/construction/bps/index.html.
- U.S. Census Bureau. County Business Patterns [Data set]. Retrieved annually from https://www.census.gov/programs-surveys/cbp.html.
- U.S. Bureau of Labor Statistics. Occupational Employment and Wage Statistics [Data set]. Retrieved annually from https://www.bls.gov/oes/.
- U.S. Bureau of Labor Statistics. Current Employment Statistics [Data set]. Retrieved monthly from https://www.bls.gov/ces/.
- U.S. Bureau of Labor Statistics. Consumer Price Index [Data set]. Retrieved monthly from https://www.bls.gov/cpi/.
- U.S. Census Bureau. Annual Estimates of the Population for the U.S. and States [Data set]. Retrieved annually from https://www.census.gov/programs-surveys/popest.html.