Total U.S. construction spending declined in May for the third consecutive month, according to figures shared on July 1 by the U.S. Census Bureau.
Spending in May was estimated at a seasonally adjusted rate of $2.138 trillion, 0.3% below the revised April estimate of $2.145 trillion and 3.5% below the May 2024 estimate.
U.S. Construction Spending: Month-to-Month % Change through May 2025
source: tradingeconomics.com
Private Construction
May spending on private construction was at a seasonally-adjusted rate of $1.626 trillion, 0.5% below the revised April estimate. Residential construction was at a rate of $888.9 billion, 0.5% below the revised April estimate of $893.7 billion, while nonresidential construction’s rate of $737.7 billion was 0.4% below the revised April estimate.
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Public Construction
May spending on public construction was at a seasonally-adjusted annual rate of $511.6 billion, 0.1% above the revised April estimate. Educational construction was at a rate of $111.8 billion, 0.2% above the revised April estimate, while highway construction’s rate of $143.2 billion was 0.3% below the revised April estimate.
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