the Value of Construction Put in Place Survey
WHAT IS THE VALUE OF CONSTRUCTION PUT IN PLACE SURVEY?
Gross Domestic Product is the total market value of all finished goods and service produced in a country within a specific time period. Typically, gross domestic product is calculated on an annual basis. However, it may also be calculated quarterly. It encompasses all private and public consumption, government outlays, investments, and the foreign balance of trade. Exports are added and imports are subtracted to the value. Because of this it is used as a broad measure of domestic production and as a gauge of economic health.
WHY IS THE VALUE OF CONSTRUCTION PUT IN PLACE SURVEY VALUABLE?
The Value of Construction Put in Place Survey tracks both public and private total construction spending, providing valuable insight into domestic cost and demand trends, as well as the overall health of the U.S. economy.
What should you do?
If you’re looking to better understand domestic cost and demand trends or gauge U.S. economic health, the Value of Construction Put in Place Survey is a great tool. Majestic’s CORE Report follows the Value of Construction Put in Place Survey; along with other indicators every week to help keep your finger on the pulse of the ever-changing market.
U.S. Census Bureau