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March 03, 2025US CONSTRUCTION SPENDING, JANUARY 2025 Month over month (January 2025 vs December 2024), seasonally adjusted annual rate)
US construction spending decreased 0.2% to $2,192.5 billion.
- Total residential construction decreased 0.5% to $944.5 billion.
- Total non-residential construction spending increased 0.1% to $1,248.1 billion.
- Private sector construction decreased 0.2% to $1,686.0 billion.
- Public sector construction increased 0.1% to $506.6 billion.
Private residential construction decreased 0.4% to $932.7 billion, while private non-residential construction spending was up 0.01% to $753.3 billion.
Public residential construction decreased 1.1% to $11.8 billion, while public non-residential construction spending increased 0.2% to $494.8 billion.
Year-over-year (January 2025 vs January 2024)
US construction spending increased 3.3%.
- Total residential construction increased 3.2%.
- Total non-residential construction spending increased 3.4%.
- Private sector construction increased 2.6%.
- Public sector construction increased 5.9%.
Source: US Census Bureau, retrieved from Federal Reserve Bank of St. Louis
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