Updated: 02-Sep-25 10:31 ET
| July Construction Spending |
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| Updated: 02-Sep-25 10:31 ET |
Highlights
- Total construction spending decreased 0.1% month-over-month in July (Briefing.com consensus: 0.2%) following a 0.4% decline in June.
- Total private construction was down 0.2% month-over-month, while total public construction was up 0.3% month-over-month.
- On a year-over-year basis, total construction spending was down 2.8%.
Key Factors
- Total residential spending increased 0.1% month-over-month, while nonresidential spending fell 0.2% month-over-month.
- In private construction, residential spending increased 0.1%, with new single-family construction up 0.1% and multifamily construction down 0.4%. Nonresidential spending declined 0.5%, led by a 0.7% decline in both power spending and manufacturing spending.
- In public construction, nonresidential spending rose 0.3% month-over-month, with highway and street spending and educational spending both down 0.1%.
Big Picture
- The key takeaway from the report is that the softness in July was led by private nonresidential spending, although private residential spending (+0.1%) wasn't exactly strong either.
| Category | JUL | JUN | MAY | APR | MAR |
| Nominal (Current) Dollars | |||||
| Total Construction | -0.1% | -0.4% | -0.2% | 0.1% | -0.7% |
| Private | -0.2% | -0.5% | -0.3% | -0.2% | -1.1% |
| Residential | 0.1% | -0.6% | -0.3% | -0.4% | -1.2% |
| Nonresidential | -0.5% | -0.4% | -0.3% | 0.0% | -0.9% |
| Public | 0.3% | 0.0% | 0.1% | 1.1% | 0.6% |
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