Updated: 01-Aug-25 10:45 ET
| June Construction Spending |
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| Updated: 01-Aug-25 10:45 ET |
Highlights
- Total construction spending decreased 0.4% month-over-month in June (Briefing.com consensus: 0.1%) following a downwardly revised 0.4% decline (from -0.3%) in May.
- Total private construction was down 0.5% month-over-month, while total public construction was up 0.1% month-over-month.
- On a year-over-year basis, total construction spending was down 2.9%.
Key Factors
- Total residential spending decreased 0.7% month-over-month, while nonresidential spending fell 0.1% month-over-month.
- In private construction, residential spending dropped 0.7%, with new single-family construction down 1.8% and multifamily construction unchanged. Nonresidential spending declined 0.3%, led by a 0.6% decline in commercial spending.
- In public construction, nonresidential spending was up 0.1% month-over-month, with highway and street spending up 0.6%.
Big Picture
- The key takeaway from the report is the same as the prior month: a downturn in new single-family construction, which is being pressured by higher costs, was the driver behind the weakness in residential spending.
| Category | JUN | MAY | APR | MAR | FEB |
| Nominal (Current) Dollars | |||||
| Total Construction | -0.4% | -0.4% | 0.1% | -0.7% | -0.2% |
| Private | -0.5% | -0.6% | -0.2% | -1.1% | -0.2% |
| Residential | -0.7% | -0.6% | -0.4% | -1.2% | -0.4% |
| Nonresidential | -0.3% | -0.5% | 0.0% | -0.9% | 0.0% |
| Public | 0.1% | 0.0% | 1.1% | 0.6% | -0.2% |
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