1.3 : Value of Construction and Research
| 1.3.2 |
Value of New
Building Construction Relative to GDP, by Year ($2010 Billion) |
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Value of New Construction Put in
Place |
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Bldgs. Percent of |
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Residential |
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Commercial (1) |
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All Bldgs. (1) |
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GDP |
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Total U.S. GDP |
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| 1980 |
166.0 |
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159.8 |
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325.8 |
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6,461 |
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5.0% |
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| 1985 |
213.5 |
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226.3 |
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439.8 |
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7,579 |
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5.8% |
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| 1990 |
208.4 |
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227.2 |
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435.6 |
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8,890 |
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4.9% |
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| 1995 |
238.0 |
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203.8 |
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441.8 |
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10,063 |
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4.4% |
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| 2000 |
334.6 |
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312.7 |
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647.3 |
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12,423 |
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5.2% |
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| 2005 |
538.3 |
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302.2 |
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840.4 |
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13,986 |
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6.0% |
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| 2006 |
508.9 |
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334.7 |
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843.6 |
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14,359 |
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5.9% |
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| 2007 |
376.2 |
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383.3 |
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759.5 |
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14,639 |
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5.2% |
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| 2008 |
242.1 |
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399.6 |
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641.7 |
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14,639 |
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4.4% |
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| 2009 |
143.2 |
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328.5 |
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471.8 |
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14,254 |
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3.3% |
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| 2010 |
129.8 |
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247.7 |
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377.4 |
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14,660 |
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2.6% |
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| Note(s): |
1) New buildings
construction differs from Table 1.3.2 by excluding industrial building
construction. |
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