Updated: 01-Sep-26 10:27 ET
| July Construction Spending |
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| Updated: 01-Sep-26 10:27 ET |
Highlights
- Construction spending decreased 0.5% month-over-month in July (Briefing.com consensus: 0.2%) following an upwardly revised unchanged reading (from -0.1%) for June.
- On a year-over-year basis, construction spending was down 3.8%.
Key Factors
- Total private construction was down 0.5% month-over-month in July, while total public construction was down 0.2%.
- Total residential spending fell 1.3% month-over-month in July, while nonresidential spending was up 0.1%.
- In private construction, residential spending decreased 1.3%, with new single-family construction down 3.2% and new multifamily construction up 0.2%. Nonresidential spending rose 0.4%, led by a 3.3% increase in office spending and a 0.5% increase in power spending.
- In public construction, nonresidential spending fell 0.2% month-over-month, with educational spending and highway and street spending both down 0.2%.
Big Picture
- The key takeaway from the report is the weakness in the residential sector and particularly in new single-family construction, which is being tested by higher financing costs.
| Category | JUL | JUN | MAY | APR | MAR |
| Nominal (Current) Dollars | |||||
| Total Construction | -0.5% | 0.0% | 0.0% | -1.4% | 0.4% |
| Private | -0.5% | -0.1% | -0.2% | -2.2% | 0.5% |
| Residential | -1.3% | -0.5% | -0.8% | -3.9% | 1.2% |
| Nonresidential | 0.4% | 0.4% | 0.6% | 0.0% | -0.3% |
| Public | -0.2% | 0.1% | 0.6% | 0.9% | 0.2% |
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