Total private construction spending (PRCOSP) is the monthly estimates of the total dollar value of construction work done in the U.S. The survey covers construction work done each month on new structures or improvements to existing structures for the private sector. Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor’s profits.
Economists, Analysts, Industry Professionals, Contractors
It tells you Total private construction spending estimates of the total dollar value for construction work done in the U.S. for private and public sectors.