Construction Spending

The "Construction Spending" report is issued by the United States Census Bureau of the Department of Commerce on a monthly basis at 10:00 EST n the first business day of the month.

The "Construction Spending" reports covers data for two prior month and is broken down between residential, non-residential, and public expenditures on new construction.

The U.S. Commerce Department calculations of the amount of spending on residential and non-residential construction is an important factor in the housing market and is used as a component of quarterly GDP calculations. Even the "Construction Spending" report is considered to be important, as a rule, it rarely has any impact on the market. Due to the high volatility in monthly numbers three-month and longer-term data are considered significant.