Private US Residential Construction Spending Rises 1.5% in December
Private Residential Construction Spending Edges Higher in December
According to the US Census Bureau, with analysis by the National Association of Home Builders (NAHB), private residential construction spending rose 1.5% in December 2025. Despite the monthly increase, total spending remained 1.3% lower year-over-year, reflecting ongoing housing affordability pressures.
Single-family construction spending increased 1.6% for the month but was down 3.6% from a year earlier. Multifamily construction spending edged up 0.1%, marking a seventh consecutive month of modest gains, and was 2.9% higher than a year earlier.
Residential improvements spending rose 1.8% but was flat compared to December 2024.
Private nonresidential construction spending fell 1.8% year-over-year. The decline was driven primarily by a $26 billion drop in manufacturing construction spending, followed by a $2 billion decrease for healthcare.
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