Economic Trends

U.S. Construction Spending Fell 0.4% in June, Down 2.9% YoY

U.S. construction spending declined in June for the fourth straight month, driven by continued drops in private residential and nonresidential activity.

Total U.S. construction spending declined in June for a fourth consecutive month, according to figures shared on Aug. 1 by the U.S. Census Bureau.

Spending in June was estimated at a seasonally adjusted rate of $2.136 trillion, 0.4% below the revised May estimate of $2.143 trillion and 2.9% below the June 2024 estimate.

U.S. Construction Spending: Month-to-Month % Change through June 2025

source: tradingeconomics.com

Private Construction

June spending on private construction was at a seasonally-adjusted rate of $1.621 trillion, 0.5% below the revised May estimate. Residential construction was at a rate of $883.1 billion, 0.7% below the revised May estimate of $889.1 billion, while nonresidential construction’s rate of $738.8 billion was 0.3% below the revised May estimate.

MDM’s 2Q25 MarketPulse Report (store link)

Public Construction

June spending on public construction was at a seasonally-adjusted annual rate of $514.3 billion, 0.1% above the revised May estimate. Educational construction was at a rate of $112.7 billion, 0.4% above the revised May estimate, while highway construction’s rate of $144.1 billion was 0.6% above the revised May estimate.