Updated: 27-Feb-26 10:20 ET
| December Construction Spending |
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| Updated: 27-Feb-26 10:20 ET |
Highlights
- The Department of Commerce released construction spending data for November and December as it continues to play catch-up from the government shutdown.
- For November, construction spending declined 0.2% month-over-month following a 0.1% decline in October.
- For December, construction spending jumped 0.3% month-over-month.
Key Factors
- Total private construction was up 0.5% month-over-month in December, while total public construction declined 0.5% month-over-month. On a year-over-year basis, total construction spending was down 0.4%.
- Total residential spending increased 1.5% month-over-month, while nonresidential spending was down 0.6% month-over-month.
- In private construction, residential spending jumped 1.5%, bolstered by a 1.6% increase in new single-family construction. Nonresidential spending declined 0.7%, led by a 2.5% decline in manufacturing spending.
- In public construction, nonresidential spending fell 0.4% month-over-month, with highway and street spending down 0.3% and educational spending down 0.8%.
Big Picture
- The key takeaway from the report is that residential construction spending accounted for the entirety of the monthly increase in total construction spending.
| Category | DEC | NOV | OCT | SEP | AUG |
| Nominal (Current) Dollars | |||||
| Total Construction | 0.3% | -0.2% | -0.1% | -0.4% | 0.4% |
| Private | 0.5% | -0.2% | -0.1% | -0.7% | 0.4% |
| Residential | 1.5% | 0.0% | -0.1% | -1.4% | 0.9% |
| Nonresidential | -0.7% | -0.5% | -0.1% | 0.1% | -0.2% |
| Public | -0.5% | -0.2% | -0.1% | 0.8% | 0.3% |
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