US Construction Spending Slips in June

On Friday, the US Census Bureau reported that total construction spending in June was at a seasonally adjusted annual rate (SAAR) of $2,136.2 billion, down 0.4% from the revised May estimate of $2,143.9 billion. Compared to June 2024, spending was down 2.9% from $2,199.8 billion.

For the first half of 2025, construction spending totaled $1,036.1 billion—2.2% lower than the $1,058.9 billion spent during the same period in 2024.

Private Construction

Private construction spending was at a seasonally adjusted annual rate of $1,621.9 billion in June, down 0.5% from the revised May total of $1,630.2 billion.

Residential construction fell 0.7% to $883.1 billion, down from $889.1 billion in May. Nonresidential construction declined 0.3% to $738.8 billion, compared to $741.1 billion in May.

Public Construction

Public construction spending was estimated at a seasonally adjusted annual rate of $514.3 billion in June, up 0.1% from the revised May figure of $513.7 billion.

Educational construction rose 0.4% to $112.7 billion, while highway construction increased 0.6% to $144.1 billion.