United States Construction Spending

Last Release

May 31, 2025

Actual

-0.3

Units In

-0.4

Frequency

Monthly

Next Release

Aug 01, 2025

Time to Release

29 Days 16 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 0.3% month-over-month to a seasonally adjusted annual rate of $2,138 billion in May 2025, marking a seventh consecutive monthly decline. The decrease followed a revised 0.2% fall in April and came in worse than the projected 0.2% decrease, primarily reflecting a 0.5% drop in private sector investment. Within the residential category, spending dropped 0.5%, largely due to a 1.8% fall in new single-family home construction. At the same time, the nonresidential segment shrank by 0.4%. Meanwhile, public spending edged up by 0.1%, entirely driven by a 1.4% increase in the residential sector. On a yearly basis, construction spending slumped by 3.5% in May.