US Construction Spending Edges Up 0.1%

Construction spending in the US edged up 0.1% month-over-month to a seasonally adjusted annual rate of $2,210.2 billion in May 2026, following a downwardly revised 0.3% rise in April and compared to forecasts of a 0.2% gain. Residential spending went up 0.4% while nonresidential flattened. Out of nonresidential construction spending, declines were seen in manufacturing (-1.4%), power (-0.2%) and commercial (-0.3%), offsetting gains in office (0.2%), educational (0.3%) and highway and street (0.6%). During the first five months of this year, construction spending amounted to $858.4 billion, up 2.7%.

Construction spending in the US rose by 0.4% month-over-month in April 2026, following a revised 0.2% increase in the prior month and better than the expected 0.2% rise. This marked the second consecutive monthly increase. Private-sector construction rose 0.4%, supported by a 0.8% increase in residential activity, as gains in single-family projects (+1.4%) offset a decline in multi-family construction (-0.3%). Spending on nonresidential structures like offices and factories fell by 0.2%. Meanwhile, public spending went up by 0.4%, driven by gains in both the residential (0.7%) and nonresidential (0.4%) segments. Year-on-year, construction spending advanced by 0.9%.

Construction spending in the US rose by 0.6% month-over-month in March 2026, following a 0.2% fall in the prior month and better than the expected 0.2% increase. This marked the first increase since December last year. Private construction increased by 0.8%, buoyed by a 1.7% gain in the residential segment, primarily new single-family projects (+2.7%) and, to a lesser extent, multi-family projects (+0.3%). Conversely, spending on nonresidential structures shrank by 0.2%, primarily manufacturing (-1.2%), commercial (-0.6%) and lodging (-0.5%). Meanwhile, public construction spending fell 0.2%, led by declines in both residential (-2.7%) and nonresidential (-0.2%) segments. Year-on-year, construction spending grew by 1.6%.