United States Construction Spending

Last Release

Jan 31, 2025

Actual

-0.2

Units In

0.5

Frequency

Monthly

Next Release

Apr 01, 2025

Time to Release

26 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
5.9 Apr 1978	-4.8 Feb 1975	0.44 %	1964-2025	U.S. Census Bureau

Construction Spending refers to monthly estimates of the total dollar value of construction work done on new structures or improvements to existing structures for private and public sectors each month in the United States. In 2016, private construction spending accounted for 75 percent of total spending and public for 25 percent. Spending in non-residential construction represented 60 percent of total and residential accounted for 40 percent.

Latest Updates

Construction spending in the United States decreased by 0.2% month-over-month to a seasonally adjusted annual rate of $2,122 billion in January 2025, after a 0.5% increase in December and compared with market estimates of a flat reading. Private spending went down by 0.2% in the period, with the residential segment falling by 0.4%, driven by new multifamily projects (-0.7%). The non-residential segment showed no growth. Meanwhile, public spending increased by 0.1%, primarily due to higher spending on highway and street (0.6%), transportation (0.6%), sewage and waste disposal (0.4%). On the other hand, spending on residential public construction fell 1.1%.