Construction Spending (MoM)

The Construction Spending released by the US Census Bureau is an indicator that measures the total amount of spending in the US on all types of construction. The residential construction component is useful for predicting future national new home sales and mortgage origination volume. A high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.

Next event - Thursday 1 May 2025 14:00

Previous
0.7%
Forecast
0.2%
Actual
-

The typical/expected market impact of this event is low.

The consensus forecast for Construction Spending (MoM) is 0.2%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Tuesday 1 April 2025 14:00

Previous
-0.2%
Revised
-0.5%
Forecast
0.3%
Actual
0.7%

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Construction Spending (MoM) was 0.7% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
Tuesday 1 April 2025 14:00
0.3%
0.7%
Monday 3 March 2025 15:00
0%
-0.2%
Monday 3 February 2025 15:00
0.1%
0.5%
Thursday 2 January 2025 15:00
0.3%
0%
Monday 2 December 2024 15:00
0.2%
0.4%
Friday 1 November 2024 14:00
0%
0.1%
Tuesday 1 October 2024 14:00
0.1%
-0.1%
Tuesday 3 September 2024 14:00
0%
-0.3%
Thursday 1 August 2024 14:00
0.2%
-0.3%
Monday 1 July 2024 14:00
0.1%
-0.1%
Monday 3 June 2024 14:00
0.2%
-0.1%
Wednesday 1 May 2024 14:00
0.3%
-0.2%
Monday 1 April 2024 14:00
0.6%
-0.3%
Friday 1 March 2024 15:00
0.2%
-0.2%
Thursday 1 February 2024 15:00
0.5%
0.9%
Tuesday 2 January 2024 15:00
0.5%
0.4%
Friday 1 December 2023 15:00
0.4%
0.6%
Wednesday 1 November 2023 14:00
0.4%
0.4%
Monday 2 October 2023 14:00
0.5%
0.5%
Friday 1 September 2023 14:00
0.5%
0.7%
Tuesday 1 August 2023 14:00
0.6%
0.5%
Monday 3 July 2023 14:00
0.5%
0.9%
Thursday 1 June 2023 14:00
0.2%
1.2%
Monday 1 May 2023 14:00
-0.1%
0.3%
Monday 3 April 2023 14:00
0%
-0.1%
Wednesday 1 March 2023 15:00
0.2%
-0.1%
Wednesday 1 February 2023 15:00
0%
-0.4%
Tuesday 3 January 2023 15:00
-0.4%
0.2%
Thursday 1 December 2022 15:00
-0.3%
-0.3%
Tuesday 1 November 2022 14:00
-0.5%
0.2%
Monday 3 October 2022 14:00
-0.3%
-0.7%
Thursday 1 September 2022 14:00
-0.1%
-0.4%
Monday 1 August 2022 14:00
0.1%
-1.1%
Friday 1 July 2022 14:00
0.4%
-0.1%
Wednesday 1 June 2022 14:00
0.5%
0.2%
Monday 2 May 2022 14:00
0.7%
0.1%

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Construction Spending (MoM) result:

PreviousLatest
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.5%0%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change3%2.6%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.4%0%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.7%2.3%
Personal Income (MoM)Bearish change0.7%0.5%
Personal SpendingBullish change0.4%0.7%
Pending Home Sales (MoM)Bullish change2.1%6.1%
Chicago Purchasing Managers' IndexBearish change47.644.6
Core Personal Consumption Expenditures (QoQ)Bullish change2.6%3.5%
Employment Cost Index(no change)0.9%0.9%
Gross Domestic Product AnnualizedBearish change2.4%-0.3%
Gross Domestic Product Price IndexBullish change2.3%3.7%
Personal Consumption Expenditures Prices (QoQ)Bullish change2.4%3.6%
ADP Employment ChangeBearish change147K62K
JOLTS Job OpeningsBearish change7.48M7.192M
Housing Price Index (MoM)Bearish change0.3%0.1%
Michigan Consumer Sentiment IndexBullish change50.852.2
UoM 5-year Consumer Inflation Expectation(no change)4.4%4.4%
Michigan Consumer Expectations IndexBullish change47.247.3
UoM 1-year Consumer Inflation ExpectationsBearish change6.7%6.5%
Existing Home Sales Change (MoM)Bearish change4.4%-5.9%
Durable Goods OrdersBullish change0.9%9.2%
Durable Goods Orders ex DefenseBullish change0.8%10.4%
Durable Goods Orders ex TransportationBearish change0.7%0%
Initial Jobless ClaimsBearish change216K222K
Nondefense Capital Goods Orders ex AircraftBullish change-0.3%0.1%
New Home Sales Change (MoM)Bullish change3.1%7.4%
S&P Global Composite PMIBearish change53.551.2
S&P Global Manufacturing PMIBullish change50.250.7
S&P Global Services PMIBearish change54.451.4
Building Permits (MoM)Bullish change1.459M1.482M
Housing Starts (MoM)Bearish change1.494M1.324M
Initial Jobless ClaimsBullish change224K215K
Philadelphia Fed Manufacturing SurveyBearish change12.5-26.4

About Construction Spending (MoM)

Country:United States
Currency:USD
Source:US Census Bureau
Category:Housing Market
Frequency:Monthly
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