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Market size · United States

Construction and real estate (United States)

Construction spending and the real-estate services around it in the United States.

Forge’s own description of what this market covers. A ruler for the size of a market, read once a year from the publishers below — it holds no sector and no company.

As its publishers state it

$2.16 tn2025 · FMI · USD$2.70 tn by 2030 · 4.5 % a year — FMI’s outlook, not Forge’s
$4.05 tn2024 · U.S. Bureau of Economic Analysis · USDNo outlook published by U.S. Bureau of Economic Analysis
$2.16 tn2025 · U.S. Census Bureau · USDNo outlook published by U.S. Census Bureau

As of Sep 30, 2026 · 17 figures carried · never averaged, never Forge’s.

How big this market is, as its publishers state it

as of Sep 30, 2026 · 17 figures carried

3 publishers carried, 2020–2030, 1 with a published outlook, the furthest to 2030. Figures are the publishers' own, shown side by side and never averaged.

Last read Sep 30, 2026: wrote 5 figures, refused 5 already stored.

Forge measures none of this. A statistical body publishes the history and its own outlook; Forge copies the figures with the sentence each came from and refreshes once a year, when the publishers do. A growing market says you are not building into a headwind — it says nothing about whether this application has customers.

Where its publishers say it is going

  • $2.70 tnby 2030 · FMI’s outlook, published 20264.5 % a year from $2.16 tn in 2025, implied by its own two figures

    FMI: projects to 2030 from 2025, its last observed year — 4.5 % a year implied by its own two figures.

  • FMI· outlook dashed
  • U.S. Bureau of Economic Analysis
  • U.S. Census Bureau
FMIUSD · latest release 2026 · outlook after 2025

FMI: one observed year (2025), too short to state a rate.

YearFigureKindPublishedIn the publisher’s words
2025$2.16 tnhistory2026TOTAL CONSTRUCTION · 2,194,752 · 2,164,873 · 2,179,612 · –1.4 · +0.7As the read noted: Figure taken from ENR's reproduction of FMI's 2026 Outlook table; sourceUrl is the page quoting FMI, not FMI's own site. source
2026$2.21 tnFMI’s outlook2026FMI's Q3 2026 Outlook forecasts U.S. construction spending at $2.214 trillion. source
2027$2.25 tnFMI’s outlook2026FMI's Q2 2026 forecast shows total construction put-in-place roughly flat at $2.16 trillion in 2026 before recovering to $2.25 trillion in 2027 and then accelerating beyond $2.7 trillion by 2030.As the read noted: sourceUrl is a trade publication quoting FMI's Q2 2026 Outlook; FMI's own page for this figure was not located. source
2030$2.70 tnFMI’s outlook2026Total construction put-in-place should rebound in 2027 and then accelerate beyond $2.7 trillion by 2030As the read noted: sourceUrl is a trade publication quoting FMI's Q2 2026 Outlook; this is a floor ('beyond') figure, not an exact point estimate. FMI's own page for this figure was not located within the search budget. source
U.S. Bureau of Economic AnalysisUSD · latest release 2025

U.S. Bureau of Economic Analysis: grew 8.6 % a year, 2020–2024, by its own figures.

YearFigureKindPublishedIn the publisher’s words
2020$2.91 tnhistory20252020: 2,914,996As the read noted: Figure is BEA's GDP-by-industry/state value added for Real Estate and Rental and Leasing (NAICS 53), current dollars, not seasonally adjusted; retrieved via the FRED page that republishes BEA's series, since the BEA.gov interactive table itself could not be directly quoted. source
2021$3.15 tnhistory20252021: 3,152,283As the read noted: See note on 2020 figure regarding sourcing via FRED's republication of BEA data. source
2022$3.47 tnhistory20252022: 3,472,481As the read noted: See note on 2020 figure regarding sourcing via FRED's republication of BEA data. source
2023$3.81 tnhistory20252023: 3,807,716As the read noted: See note on 2020 figure regarding sourcing via FRED's republication of BEA data. source
2024$4.05 tnhistory20252024: 4,052,400As the read noted: See note on 2020 figure regarding sourcing via FRED's republication of BEA data. Series last updated Sep 26, 2025. source
U.S. Census BureauUSD · latest release 2026

U.S. Census Bureau: grew 8.6 % a year, 2020–2025, by its own figures.

YearFigureKindPublishedIn the publisher’s words
2020$1.43 tnhistory2021The value of construction in 2020 was $1,429.7 billion, 4.7 percent (±1.0 percent) above the $1,365.1 billion spent in 2019. source
2021$1.63 tnhistory2023The value of construction in 2022 was $1,792.9 billion, 10.2 percent (±0.8 percent) above the $1,626.4As the read noted: The 2021 figure ($1,626.4B) is quoted as the prior-year comparison in the December 2022 release; Census's original 2021-only release was not directly retrieved. source
2022$1.79 tnhistory2023The value of construction in 2022 was $1,792.9 billion, 10.2 percent (±0.8 percent) above the $1,626.4 source
2023$2.02 tnhistory2025 (+1 earlier)The value of construction in 2024 was $2,154.4 billion, 6.5 percent (±1.0 percent) above the $2,023.7 source
2024$2.19 tnhistory2026 (+1 earlier)The value of construction in 2025 was $2,164.4 billion, 1.4 percent (±1.0 percent) below the $2,194.8 billion spent in 2024.As the read noted: This is the Census Bureau's revised 2024 figure as stated in the February 2026 release; an earlier (January 2025) release had reported 2024 at $2,154.4 billion, which is superseded here. source
2025$2.16 tnhistory2026The value of construction in 2025 was $2,164.4 billion, 1.4 percent (±1.0 percent) below the $2,194.8 billion spent in 2024. source

Other markets in North America

What else the yearly read measures in this region.

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