Total Construction
Construction spending during December 2025 was estimated at a seasonally adjusted annual rate of $2,168.8 billion, 0.3 percent (± 0.5 percent)* above the November estimate of $2,163.1 billion. The December figure is 0.4 percent (±1.0 percent)* below the December 2024 estimate of $2,176.6 billion.
The value of construction in 2025 was $2,164.4 billion, 1.4 percent (±1.0 percent) below the $2,194.8 billion spent in 2024.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $1,647.1 billion, 0.5 percent (±0.5 percent)* above the November estimate of $1,638.8 billion. Residential construction was at a seasonally adjusted annual rate of $916.2 billion in December, 1.5 percent (±1.3 percent) above the November estimate of $902.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $730.9 billion in December, 0.7 percent (±0.5 percent) below the November estimate of $736.3 billion.
The value of private construction in 2025 was $1,647.5 billion, 2.9 percent (±0.8 percent) below the $1,696.0 billion spent in 2024. Residential construction in 2025 was $905.2 billion, 2.6 percent (±2.1 percent) below the 2024 figure of $929.5 billion and nonresidential construction was $742.4 billion, 3.1 percent (±0.8 percent) below the $766.5 billion in 2024.
Public Construction
In December, the estimated seasonally adjusted annual rate of public construction spending was $521.7 billion, 0.5 percent (±0.8 percent)* below the November estimate of $524.3 billion. Educational construction was at a seasonally adjusted annual rate of $114.0 billion, 0.8 percent (±1.3 percent)* below the November estimate of $114.9 billion. Highway construction was at a seasonally adjusted annual rate of $141.4 billion, 0.3 percent (±2.1 percent)* below the November estimate of $141.8 billion.
The value of public construction in 2025 was $516.8 billion, 3.6 percent (±1.8 percent) above the $498.7 billion spent in 2024. Educational construction in 2025 was $113.0 billion, 0.5 percent (±3.0 percent)* above the 2024 figure of $112.4 billion and highway construction was $141.9 billion, 0.9 percent (±4.3 percent)* below the $143.2 billion in 2024.
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