US Construction Spending

Data Construction

Source: Census Bureau
Source Link: https://www.census.gov/
Frequency: Monthly
Next Release(s): February 2nd, 2026 10:00 AM

Latest Updates

U.S. construction spending rose +0.5% MoM in October 2025 but fell -1.0% YoY, showing modest monthly growth amid a softer annual trend.
- Total construction spending increased to a $2,175.2B SAAR in October (Sep: $2,164.3B), reflecting a +0.5% MoM gain.
- On a YoY basis, total spending was down -1.0% versus October 2024 ($2,197.1B), indicating overall activity remained below last year’s pace.
- Year-to-date construction spending totaled $1,825.3B over the first 10 months of 2025, down -1.4% YoY compared with the same period in 2024 ($1,851.4B), reinforcing the weaker trend for the year overall.
- Private construction spending rose +0.6% MoM to a $1,651.3B SAAR (Sep: $1,640.8B), accounting for most of the monthly increase.
- Residential construction spending increased +1.3% MoM to $913.9B SAAR (Sep: $902.3B), indicating stronger housing-related outlays compared with the prior month.
- Nonresidential private construction spending dipped -0.2% MoM to $737.4B SAAR (Sep: $738.5B), showing slight weakness outside housing.
- Public construction spending was essentially flat, up +0.1% MoM to $524.0B SAAR (Sep: $523.5B), suggesting limited contribution to the monthly gain.
- Within public construction, educational spending rose +0.7% MoM to $114.8B SAAR, while highway construction was up +0.1% MoM to $141.6B SAAR, both pointing to small increases in key public categories.
Source
US construction spending grew 0.2% MoM in August but was down -1.6% YoY on an annual basis, breaking a streak of nine straight monthly declines.
- Residential construction increased 0.8% MoM, but was still down -1.8% YoY, while nonresidential construction fell -0.2% MoM and -1.5% YoY.
- Private residential construction spending growth included an increase of 0.2% MoM in new multifamily building and a -0.4% drop in new single-family building.
- Private construction spending increased 0.3% MoM, offsetting public construction spending that was unchanged.
- Manufacturing construction spending dropped the most, down -0.9% MoM and -8.2% YoY. Office (-0.4% MoM) and commercial (-0.1% MoM) construction spending were also weak.
US construction spending fell -0.1% MoM (vs -0.1% MoM expected) and -2.8% YoY in July, the ninth straight monthly decline.
- Private construction spending dropped -0.2% MoM and -4.6% YoY, while public construction spending increased 0.3% MoM and 3.4% YoY.
- Residential construction increased 0.1% MoM but was offset by a -0.2% MoM drop in nonresidential construction.
- Commercial (-0.8% MoM) and manufacturing (-0.7% MoM) construction spending were the biggest losers.
- Private residential construction was only up 0.1% MoM, driven by private single-family construction up 0.1% MoM, offsetting a -0.4% MoM drop in multifamily construction.
US construction spending fell -0.4% MoM in June, below expectations of no growth. The annual decline improved slightly to -2.9% YoY.
- Residential spending dropped -0.7% MoM and -6.0% YoY, and nonresidential spending eased -0.1% MoM and -0.5% YoY.
- Private construction spending fell -0.5% MoM and -5.2% YoY as private residential construction spending (-0.7% MoM) and private nonresidential construction spending (-0.3% MoM) both declined.
- Public construction spending increased 0.1% MoM with public nonresidential spending up 0.1% MoM and public residential spending down -1.0% MoM.
- Office and commercial construction spending both continued to decline, down -1.2% MoM and -0.7% MoM, respectively.
US construction spending posts monthly decline, dropping -0.3% MoM (vs -0.2% MoM expected) in May, after a -0.4% MoM drop in April. The annual decline is now -3.5% YoY.
- Residential spending fell -0.5% MoM and -6.5% YoY, and nonresidential spending fell -0.2% MoM and -1.1% YoY.
- Private construction spending dropped -0.5% MoM and -5.4% YoY with private residential spending down -0.5% MoM and private nonresidential spending down -0.4% MoM.
- Public construction spending held up better, up 0.1% MoM and 3.3% YoY with nonresidential flat MoM and residential up 1.4% MoM.
- Office and commercial construction spending dropped -0.2% MoM and -0.8% MoM, respectively with the latter down -10.3% YoY.
US construction spending fell -0.4% MoM and -0.5% YoY in April, well below expectations of an 0.3% MoM increase.
- Residential spending fell -0.9% MoM, and nonresidential spending fell -0.1% MoM.
- Commercial spending was down -0.8% MoM and -3.6% YoY, and power spending was down -0.7% MoM but up 4.1% YoY.
- Manufacturing spending continued to be weak, down -0.6% MoM and up just 0.3% YoY.
- Private spending was down -0.7% MoM and -2.2% YoY, and public spending increased 0.4% MoM and 5.5% YoY.
US construction spending fell -0.5% MoM in March, well below expectations of an 0.2% MoM increase.
- Residential spending fell -0.4% MoM, and nonresidential spending fell -0.5% MoM.
- Office and commercial spending both saw sharp declines, down -1.2% MoM and -1.0% MoM respectively with the latter down -4.1% YoY.
- Manufacturing spending was also weak, down -0.2% MoM.
- Private spending is down -0.6% MoM, and public spending is down -0.2% MoM.
US construction spending increased 0.7% MoM in January, well above the 0.3% MoM expected increase.
- Residential construction increased 1.3% MoM led by private residential construction spending up 1.3% MoM while public residential construction was up a softer 0.2% MoM.
- Nonresidential construction saw a softer gain of 0.3% MoM, balanced by private nonresidential construction up 0.4% MoM and public residential construction up 0.2% MoM.
- Total office spending growth was -0.3% MoM while total commercial spending growth was a strong 1.1% MoM.
- Amusement & recreation construction spending saw another strong increase of 1.3% MoM with the annual rate now up to 14.2% YoY.
US construction spending fell -0.2% MoM in January, below expectations of no growth. On an annual basis, construction spending was up 3.3% YoY.
- Residential construction fell -0.5% MoM, and nonresidential construction was up slightly, just 0.1% MoM.
- Commercial construction eased -0.4% MoM and -4.4% YoY partially offset by a 0.4% MoM rise in office construction.
- Private construction fell -0.2% MoM offsetting a rise of 0.1% MoM in public construction.
Construction Spending: December 2024

US construction spending increased 0.5% MoM in December, beating expectations of an 0.1% MoM increase. November construction spending growth was revised up from 0.0% MoM to 0.2% MoM. The increase was driven by a strong 1.5% MoM increase in residential spending which was entirely an increase in private sector residential spending. Nonresidential spending eased -0.2% MoM with a notable decline of -0.3% MoM in commercial construction spending. The annual increase in construction spending in 2024 ended at 4.3% YoY with residential spending up 6.1% YoY and nonresidential spending up 3.0% YoY.
US construction spending was flat in November despite the expectation that it would be higher by 0.3% MoM.
- An 0.1% MoM increase in residential construction offset a -0.1% MoM decrease in non-residential construction with office (-0.2% MoM), manufacturing (-0.2% MoM), and educational (-0.3% MoM) subsegments weighing it down.
- In a similar way, private construction spending, up 0.1% MoM, offset a slight decline in public construction spending, down -0.1% MoM.