United States Construction Spending

Last Release

Jun 30, 2025

Actual

-0.4

Units In

-0.3

Frequency

Monthly

Next Release

Sep 02, 2025

Time to Release

30 Days 13 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 fell by 0.4% from the previous month to a seasonally adjusted annualized rate of $2.136 trillion in June of 2025, extending the revised 0.4% drop from the previous week and contrasting sharply with market expectations of no change. The figure marked the eighth consecutive month of lower construction spending, aligned with the backdrop of restrictive rates, which limit the demand for new real estate and credit activity to start new projects. Residential construction plunged by 0.7% to a rate of $952.5 billion, while non-residential construction edged 0.1% lower to a rate of $1.247 trillion.