Updated: 01-Jul-26 10:32 ET
Highlights
- Construction spending increased 0.1% month-over-month in May (Briefing.com consensus: 0.5%) after increasing a downwardly revised 0.3% (from 0.4%) in April.
- On a year-over-year basis, construction spending was down 1.5%.
- Total private construction was flat month-over-month in May, while total public construction increased 0.5%.
- Total residential spending was up 0.4% month-over-month in May, while nonresidential spending was flat.
- In private construction, residential spending increased 0.3%, although new single-family construction and new multifamily construction were both down 0.1%. Nonresidential spending decreased 0.3%, led by a 1.3% decrease in manufacturing spending and a 0.3% decrease in commercial spending.
- In public construction, nonresidential spending was up 0.4% month-over-month, with highway and street spending and educational spending both up 0.6%.
- The key takeaway from the report is that public construction spending was the driver of the modest growth in total construction spending in June. Private construction spending activity was disappointing.
| Category | MAY | APR | MAR | FEB | JAN |
| Nominal (Current) Dollars | |||||
| Total Construction | 0.1% | 0.3% | 0.4% | -0.3% | -0.9% |
| Private | 0.0% | 0.3% | 0.5% | -0.4% | -1.2% |
| Residential | 0.3% | 1.0% | 1.2% | -0.5% | -2.0% |
| Nonresidential | -0.3% | -0.5% | -0.3% | -0.2% | -0.3% |
| Public | 0.5% | 0.5% | 0.2% | 0.0% | 0.0% |
