Updated: 21-Jan-26 10:31 ET
| October Construction Spending |
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| Updated: 21-Jan-26 10:31 ET |
Highlights
- The Department of Commerce released construction spending data for September and October as it continues to play catch-up from the government shutdown.
- For September, construction spending declined 0.6% month-over-month following an upwardly revised 0.4% increase (from 0.2%) in August. For October, construction spending jumped 0.5% month-over-month (Briefing.com consensus: 0.2%).
Key Factors
- Total private construction was up 0.6% month-over-month in October, while total public construction was up 0.1% month-over-month. On a year-over-year basis, total construction spending was down 1.0%.
- Total residential spending increased 1.3% month-over-month, while nonresidential spending was flat month-over-month.
- In private construction, residential spending jumped 1.3%, bolstered by private residential improvements. New single-family construction was down 1.3%, and multifamily construction was down 0.2%. Nonresidential spending declined 0.2%, led by a 0.9% decline in manufacturing spending.
- In public construction, nonresidential spending rose 0.1% month-over-month, with highway and street spending up 0.1% and educational spending up 0.7%.
Big Picture
- The key takeaway from the report is that the rebound in October was driven by residential spending and specifically private residential improvements.
| Category | OCT | SEP | AUG | JUL | JUN |
| Nominal (Current) Dollars | |||||
| Total Construction | 0.5% | -0.6% | 0.4% | 0.4% | 0.5% |
| Private | 0.6% | -0.9% | 0.4% | 0.2% | 0.6% |
| Residential | 1.3% | -1.4% | 0.9% | 0.6% | 1.1% |
| Nonresidential | -0.2% | -0.2% | -0.2% | -0.3% | 0.1% |
| Public | 0.1% | 0.4% | 0.3% | 0.8% | 0.2% |
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