U.S. construction spending rose +0.3% MoM in December 2025 but fell -0.4% YoY, showing slight monthly growth amid weaker annual activity.

• Total construction spending reached a $2,168.8B SAAR (Nov: $2,163.1B), reflecting a modest monthly increase but remaining below December 2024 ($2,176.6B).

• Full year 2025 construction spending totaled $2,164.4B, down -1.4% YoY from $2,194.8B in 2024, indicating a softer annual trend.

• Private construction increased +0.5% MoM to $1,647.1B SAAR, led by residential spending, up +1.5% MoM.

• Residential construction rose +1.5% MoM to $916.2B SAAR, while nonresidential construction declined -0.7% MoM to $730.9B SAAR.

• For 2025 overall, private construction fell -2.9% YoY, with residential -2.6% YoY and nonresidential -3.1% YoY, confirming broad private sector weakness.

• Public construction decreased -0.5% MoM to $521.7B SAAR, including educational -0.8% MoM and highway -0.3% MoM.

• Despite the monthly decline, public construction rose +3.6% YoY in 2025, with educational +0.5% YoY while highway spending slipped -0.9% YoY.

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.

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.