Total U.S. construction spend increased in February following a decline in January, according to figures shared on April 1 by the U.S. Census Bureau.

Spending in February was estimated at a seasonally adjusted annual rate of $2.195 trillion, 0.7% above the revised January estimate. Economists polled by Reuters and the Wall Street Journal had forecasted an increase of 0.3%. It followed a decrease of 0.2% in January and an increase of 0.2% in December.

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The February figures were up 2.9% year-over-year.

Year-to-date, spending through the first two months of the year was up 2.1% compared to the same period in 2024.

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

Source: tradingeconomics.com

Private Construction

February spending on private construction was at a seasonally-adjusted rate of $1.686 trillion, 0.9% above the revised January estimate. Residential construction was at a rate of $928 billion, 1.3% above the revised January estimate, while nonresidential construction’s rate of $757.5 billion was 0.4% above the revised January estimate.

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Public Construction

February spending on public construction was at a seasonally-adjusted annual rate of $509.3 billion, 0.2% above the revised January estimate. Educational construction was at a rate of $110.8 billion, 0.3% above the revised January estimate, while highway construction’s rate of $147.2 billion was 1.2% above the revised January estimate.