In 2023, state government expenditures on housing and community amenities stood at 61.84 billion USD PPP. From 2024, this expenditure is projected to increase yearly, reaching 64.84 billion USD PPP by 2028. The year-on-year growth rate from 2024 to 2025 is approximately 0.99%, slightly slowing to 0.96% between 2025 and 2026, and maintaining a steady climb with 0.94% in 2026-2027 and 0.90% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted period (2024-2028) is about 0.98%.
Trends to watch for include state-level policy changes impacting funding allocation, economic variables affecting state budgets, and federal support for housing and community programs, which may influence these projections. Additionally, emerging housing needs and community development initiatives post-2024 could alter this spending trajectory.
