Q1 2025 Construction Spending Update (May 1 Data Release): Construction spending was essentially flat over the past year, with growth matching the rate of inflation. Nonresidential spending declined 0.5% in Q1 2025, following broader economic softening—US GDP was down 0.3%…
Q4 2024 Construction Spending Update (February 1 Data Release): Nonresidential construction spending was flat for Q4 2024, while residential spending rebounded from a relatively slow summer. Note: The 2024 residential summer slowdown was far less severe than 2023. Now that…
Q3 2024 Construction Spending Update (November 1 Data Release): While overall construction showed slow declines over the first half of the year, this trend reversed in Q3 with slight increases across both Residential and Nonresidential segments. Residential construction increased 0.5%…
Q2 2024 Construction Spending Update (August 1 Data Release): The gradual slowing of construction in the first quarter of 2024 continued in the second quarter. Residential construction slowed the most, off 1% from the previous quarter. Non-residential fell a modest…