Updated: 02-Jun-25 10:40 ET
Highlights
- Total construction spending decreased 0.4% month-over-month in April (Briefing.com consensus 0.1%) after a downwardly revised 0.8% decline (from -0.5%) in March.
- Total private construction was down 0.7% month-over-month, while total public construction was up 0.4% month-over-month.
- On a year-over-year basis, total construction spending was down 0.5%.
- Total residential spending decreased 0.9% month-over-month, while nonresidential spending fell 0.1% month-over-month.
- In private construction, residential spending dropped 0.9%, with new single-family construction down 1.1% and multifamily construction down 0.1%. Nonresidential spending declined 0.5%, led by a 1.0% decline in commercial spending and a 0.7% drop in power spending.
- In public construction, nonresidential spending rose 0.5% month-over-month, led by a 0.5% increase in highway and street spending.
- The key takeaway from the report is that residential spending weakened noticeably with a downturn in new single-family construction.
| Category | APR | MAR | FEB | JAN | DEC |
| Nominal (Current) Dollars | |||||
| Total Construction | -0.4% | -0.8% | -0.7% | 0.1% | 0.3% |
| Private | -0.7% | -1.0% | -1.1% | 0.1% | 0.4% |
| Residential | -0.9% | -1.2% | -2.0% | 0.2% | 0.3% |
| Nonresidential | -0.5% | -0.8% | 0.1% | -0.1% | 0.5% |
| Public | 0.4% | 0.0% | 0.4% | 0.4% | -0.1% |
