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.