Boston Fed Construction Contracts

Construction Contracts reports the indexed dollar value of contracts for new construction, additions, and major alterations, but not for maintenance. The Residential Construction series gives the value of contracts for one- and two-family houses, and apartment buildings (buildings of three or more residential units). Nonresidential Building Construction includes hotels, motels, dormitories, commercial buildings, manufacturing plants, hospitals, schools and colleges, and other public and private buildings. Nonbuilding Construction refers to such projects as highways, bridges, dams, utility systems, and airports. The figures are compiled by McGraw-Hill Construction Dodge and are published in Dodge Construction Potentials Bulletin. Monthly updates to construction contract data incorporate up to three years of revised estimates. The Federal Reserve Bank of Boston indexes all data to 1980 levels and seasonally adjusts only residential data.

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US Construction Contracts Index

Current (May 2020) Previous (Apr 2020) % Chg Prev % Chg 1Y
425.70 396.50 7.36% -31.45%

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