Outlays for U.S. construction projects were unchanged in January 2025
Construction Spending
Modified 2025-03-31T06:29:14+00:00
Goran Soko / CSIMarket.com Contributer
Construction spending were flat in the January 2025 after a gain in the last month, but has increased for the year, as decline in residential construction offset an increase in nonresidential construction.
Construction spending remained unchanged in January 2025 at the highest annual rate of $2192.5 billion on the seasonally adjusted basis, reported by the Commerce Department. The stagnation in construction spending suggests that investors became more cautious on the economic growth.
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Construction spending grew by 4.3 % over the past 12 months, as the private construction outlays grew less than total construction.
The construction of private projects sunk smaller than total construction outlays by -0.7 % on the seasonally adjusted basis.
Private residential outlays were in January 2025 at $932.7 billion annual rate, which makes 43.08 % of total construction spending.
Over the past 12 months, spending on private construction projects has climbed by 3.5 %.
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| Public Construction Spending
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Outlays for public construction increased by 0.6 % despite decline in residential construction, which fell by -2.25 %, on the seasonally adjusted basis, nonresidential construction was boosted by higher spending for commercial buildings, health care and educational projects. Construction spending for office buildings declined.
Growth in public construction spending is very volatile and often it does not reflect current economic contidions.
U.S. spending on public construction projects rose by 5.8 % in the past 12 months.
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Construction Spending Seasonally Adjusted
( in millions $) Annual Rate |
Jan. 2025
Prel. |
Dec. 2024
Prel. |
Nov. 2024
Rest. |
Oct. 2024
Prel. |
Sep. 2024
Rest. |
| Total Construction |
|
2,192,540 |
2,192,173 |
2,180,323 |
2,173,968 |
2,164,747 |
| Residential |
|
944,481 |
951,525 |
937,633 |
945,875 |
932,177 |
| Nonresidential |
|
1,248,058 |
1,240,648 |
1,242,691 |
1,228,093 |
1,232,571 |
| Lodging |
|
23,494 |
23,261 |
23,264 |
23,422 |
23,513 |
| Office |
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104,781 |
103,660 |
102,703 |
101,107 |
100,393 |
| Commercial |
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124,956 |
124,509 |
124,869 |
124,659 |
125,942 |
| Health care |
|
69,339 |
68,068 |
68,969 |
67,161 |
67,940 |
| Educational |
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134,701 |
134,678 |
135,457 |
130,133 |
130,857 |
| Religious |
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4,662 |
4,346 |
4,345 |
4,125 |
3,967 |
| Public safety |
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19,096 |
19,203 |
19,230 |
19,606 |
19,356 |
| Amusement & recreation |
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41,363 |
41,421 |
41,479 |
41,281 |
41,294 |
| Transportation |
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70,093 |
69,089 |
69,716 |
70,117 |
70,156 |
| Power |
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151,842 |
149,545 |
149,313 |
147,118 |
147,183 |
| Highway & street |
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146,064 |
144,341 |
143,320 |
142,050 |
143,196 |
| Sewage & waste disposal |
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47,015 |
46,818 |
47,443 |
46,075 |
46,818 |
| Water supply |
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34,334 |
34,199 |
35,065 |
35,166 |
35,353 |
| Conservation & development |
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11,431 |
11,304 |
11,496 |
11,357 |
11,737 |
| Manufacturing |
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235,749 |
237,160 |
237,012 |
236,114 |
236,236 |
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| Total Private Construction
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932,712 |
939,486 |
925,537 |
934,033 |
920,280 |
| Residential |
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932,712 |
939,486 |
925,537 |
934,033 |
920,280 |
| New single family |
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431,246 |
428,485 |
424,297 |
423,881 |
420,574 |
| New multi-family |
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116,932 |
119,395 |
119,728 |
125,379 |
125,182 |
| Nonresidential |
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753,267 |
749,046 |
748,595 |
742,335 |
744,428 |
| Lodging |
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22,873 |
22,625 |
22,661 |
22,731 |
22,813 |
| Office |
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87,940 |
86,547 |
85,611 |
84,154 |
83,777 |
| Commercial |
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118,259 |
118,105 |
118,470 |
118,438 |
119,768 |
| Health care |
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54,208 |
53,288 |
53,736 |
52,491 |
53,221 |
| Educational |
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24,879 |
25,154 |
25,274 |
24,810 |
25,147 |
| Religious |
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4,662 |
4,346 |
4,345 |
4,125 |
3,967 |
| Amusement & recreation |
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18,436 |
18,586 |
18,625 |
18,748 |
18,970 |
| Transportation |
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22,424 |
22,625 |
22,655 |
22,589 |
22,574 |
| Communication |
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28,406 |
28,270 |
28,102 |
27,758 |
27,756 |
| Power |
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132,260 |
129,454 |
129,116 |
127,167 |
126,918 |
| Manufacturing |
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234,833 |
236,093 |
235,976 |
235,010 |
235,089 |
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| Total Public Construction |
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506,561 |
503,642 |
506,191 |
497,600 |
500,039 |
| Residential |
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11,769 |
12,040 |
12,095 |
11,842 |
11,897 |
| Nonresidential |
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494,792 |
491,602 |
494,096 |
485,758 |
488,142 |
| Office |
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16,842 |
17,113 |
17,092 |
16,952 |
16,616 |
| Commercial |
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6,697 |
6,404 |
6,399 |
6,221 |
6,175 |
| Health care |
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15,131 |
14,780 |
15,233 |
14,670 |
14,719 |
| Educational |
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109,822 |
109,524 |
110,183 |
105,323 |
105,710 |
| Public safety |
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18,845 |
18,955 |
18,940 |
19,279 |
19,076 |
| Amusement & recreation |
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22,927 |
22,835 |
22,854 |
22,533 |
22,324 |
| Transportation |
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47,669 |
46,464 |
47,061 |
47,528 |
47,583 |
| Power |
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19,582 |
20,091 |
20,198 |
19,951 |
20,265 |
| Highway & street |
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145,002 |
143,273 |
142,288 |
141,075 |
142,115 |
| Sewage & waste disposal |
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45,787 |
45,742 |
46,316 |
44,869 |
45,533 |
| Water supply |
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32,848 |
32,724 |
33,633 |
33,513 |
33,720 |
| Conservation & development |
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11,370 |
11,220 |
11,352 |
11,204 |
11,587 |
Construction Spending by Month and Category Year on Year Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( Y/Y in % ) |
Jan. 2025
|
Dec. 2024
|
Nov. 2024
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Oct. 2024
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Sep. 2024
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| Total Construction |
4.29 % |
4.59 % |
6.35 % |
7.25 % |
8.43 % |
| Residential |
3.54 % |
3.18 % |
3.33 % |
5.67 % |
5.65 % |
| Nonresidential |
4.86 % |
5.69 % |
8.75 % |
8.49 % |
10.62 % |
| Lodging |
-1.31 % |
-1.77 % |
0.47 % |
-3.68 % |
-3.1 % |
| Office |
2.75 % |
2.22 % |
1.74 % |
-0.07 % |
0.46 % |
| Commercial |
-4.59 % |
-6.52 % |
-5.39 % |
-6.19 % |
-6.1 % |
| Health care |
2.94 % |
3.7 % |
8.87 % |
7.25 % |
9.06 % |
Educational |
6.44 % |
8.21 % |
10.1 % |
7.22 % |
10.69 % |
| Religious |
18.9 % |
13.83 % |
21.2 % |
17.15 % |
25.74 % |
| Public safety |
29.33 % |
28.7 % |
35.6 % |
39.82 % |
47.13 % |
| Amusement & recreation |
19.87 % |
20.22 % |
24.3 % |
24.01 % |
22.93 % |
Transportation |
7.27 % |
6.29 % |
8.33 % |
8.44 % |
9.05 % |
| Power |
12.91 % |
14.47 % |
16.55 % |
17.8 % |
19.43 % |
| Highway & street |
-3.32 % |
-5.27 % |
4.63 % |
6.91 % |
8.37 % |
| Sewage & waste disposal |
6.81 % |
6.28 % |
8.27 % |
6.73 % |
11.14 % |
Water supply |
17.48 % |
17.27 % |
19.67 % |
22.34 % |
27.26 % |
| Conservation & development |
-3.32 % |
-5.03 % |
1.28 % |
-7.24 % |
0.51 % |
Manufacturing |
4.8 % |
10.88 % |
12.98 % |
14.15 % |
18.76 % |
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| Total Private Construction
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3.54 % |
3.05 % |
3.21 % |
5.61 % |
5.53 % |
| Residential |
3.54 % |
3.05 % |
3.21 % |
5.61 % |
5.53 % |
| New single family |
0.26 % |
0.25 % |
0.41 % |
3.7 % |
4.54 % |
| New multi-family |
-13.05 % |
-12.17 % |
-11.72 % |
-7.54 % |
-7.72 % |
| Nonresidential |
4.24 % |
5.8 % |
7.22 % |
6.83 % |
8.86 % |
| Lodging |
-1.48 % |
-2.89 % |
-0.82 % |
-5.35 % |
-4.86 % |
| Office |
2.16 % |
1.35 % |
0.25 % |
-1.71 % |
-0.84 % |
| Commercial |
-6.23 % |
-8.03 % |
-6.93 % |
-7.79 % |
-7.52 % |
| Health care |
0.95 % |
2.58 % |
6.34 % |
5.27 % |
7.81 % |
| Educational |
-0.47 % |
4.02 % |
6.13 % |
2.46 % |
5.75 % |
| Religious |
18.9 % |
13.83 % |
21.2 % |
17.15 % |
25.74 % |
| Amusement & recreation |
11.69 % |
12.44 % |
15.48 % |
16.05 % |
15.67 % |
| Transportation |
13.98 % |
15.06 % |
14.41 % |
15.22 % |
15.69 % |
| Communication |
13.88 % |
13.94 % |
13.12 % |
11.81 % |
12.2 % |
| Power |
15.24 % |
15.97 % |
17.29 % |
17.39 % |
19.18 % |
| Manufacturing |
4.7 % |
10.59 % |
12.73 % |
13.9 % |
18.46 % |
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| Total Public Construction |
5.76 % |
5.73 % |
11.22 % |
11.12 % |
13.48 % |
| Residential |
3.6 % |
15.25 % |
13.7 % |
10.59 % |
15.66 % |
| Nonresidential |
5.81 % |
5.52 % |
11.16 % |
11.13 % |
13.43 % |
| Office |
5.97 % |
6.84 % |
9.94 % |
8.99 % |
7.53 % |
| Commercial |
38.28 % |
33.97 % |
36.26 % |
40.08 % |
33.77 % |
| Health care |
10.76 % |
7.93 % |
18.88 % |
15.01 % |
13.84 % |
| Educational |
8.15 % |
9.22 % |
11.05 % |
8.41 % |
11.93 % |
Public safety |
29.3 % |
28.68 % |
36.44 % |
39.96 % |
47.91 % |
| Amusement & recreation |
27.36 % |
27.41 % |
32.56 % |
31.52 % |
29.85 % |
| Transportation |
4.38 % |
2.49 % |
5.63 % |
5.5 % |
6.17 % |
| Power |
-0.61 % |
5.65 % |
11.99 % |
20.51 % |
21.04 % |
Highway & street |
-3.41 % |
-5.22 % |
4.79 % |
6.9 % |
8.36 % |
| Sewage & waste disposal |
9.22 % |
9.12 % |
10.11 % |
8.05 % |
12.3 % |
| Water supply |
16.33 % |
17.18 % |
20.06 % |
21.06 % |
26.53 % |
Conservation & development |
-2.75 % |
-5.43 % |
0.13 % |
-8.04 % |
-0.36 % |
Construction Spending by Month and Category Month on Month Growth at Annual Rate
Construction Spending Seasonally
Adjusted
Annuall Rate ( M/M in % ) |
Jan. 2025
|
Dec. 2024
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Nov. 2024
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Oct. 2024
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Sep. 2024
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| Total Construction |
0.02 % |
0.54 % |
0.29 % |
0.43 % |
1.54 % |
| Residential |
-0.74 % |
1.48 % |
-0.87 % |
1.47 % |
2.28 % |
| Nonresidential |
0.6 % |
-0.16 % |
1.19 % |
-0.36 % |
0.99 % |
| Lodging |
1 % |
-0.01 % |
-0.67 % |
-0.39 % |
0.58 % |
| Office |
1.08 % |
0.93 % |
1.58 % |
0.71 % |
-0.05 % |
| Commercial |
0.36 % |
-0.29 % |
0.17 % |
-1.02 % |
1.06 % |
| Health care |
1.87 % |
-1.31 % |
2.69 % |
-1.15 % |
1.79 % |
Educational |
0.02 % |
-0.58 % |
4.09 % |
-0.55 % |
2.98 % |
| Religious |
7.27 % |
0.02 % |
5.33 % |
3.98 % |
0.92 % |
| Public safety |
-0.56 % |
-0.14 % |
-1.92 % |
1.29 % |
0.52 % |
| Amusement & recreation |
-0.14 % |
-0.14 % |
0.48 % |
-0.03 % |
1.1 % |
Transportation |
1.45 % |
-0.9 % |
-0.57 % |
-0.06 % |
1.5 % |
| Power |
1.54 % |
0.16 % |
1.49 % |
-0.04 % |
1.04 % |
| Highway & street |
1.19 % |
0.71 % |
0.89 % |
-0.8 % |
0.6 % |
| Sewage & waste disposal |
0.42 % |
-1.32 % |
2.97 % |
-1.59 % |
3.04 % |
Water supply |
0.39 % |
-2.47 % |
-0.29 % |
-0.53 % |
8.12 % |
| Conservation & development |
1.12 % |
-1.67 % |
1.22 % |
-3.24 % |
-2.97 % |
Manufacturing |
-0.59 % |
0.06 % |
0.38 % |
-0.05 % |
-0.85 % |
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| Total Private Construction
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-0.72 % |
1.51 % |
-0.91 % |
1.49 % |
2.26 % |
| Residential |
-0.72 % |
1.51 % |
-0.91 % |
1.49 % |
2.26 % |
| New single family |
0.64 % |
0.99 % |
0.1 % |
0.79 % |
1.52 % |
| New multi-family |
-2.06 % |
-0.28 % |
-4.51 % |
0.16 % |
-2.11 % |
| Nonresidential |
0.56 % |
0.06 % |
0.84 % |
-0.28 % |
0.3 % |
| Lodging |
1.1 % |
-0.16 % |
-0.31 % |
-0.36 % |
0.49 % |
| Office |
1.61 % |
1.09 % |
1.73 % |
0.45 % |
-0.72 % |
| Commercial |
0.13 % |
-0.31 % |
0.03 % |
-1.11 % |
0.73 % |
| Health care |
1.73 % |
-0.83 % |
2.37 % |
-1.37 % |
0.9 % |
| Educational |
-1.09 % |
-0.47 % |
1.87 % |
-1.34 % |
1.73 % |
| Religious |
7.27 % |
0.02 % |
5.33 % |
3.98 % |
0.92 % |
| Amusement & recreation |
-0.81 % |
-0.21 % |
-0.66 % |
-1.17 % |
1.6 % |
| Transportation |
-0.89 % |
-0.13 % |
0.29 % |
0.07 % |
0.17 % |
| Communication |
0.48 % |
0.6 % |
1.24 % |
0.01 % |
-0.45 % |
| Power |
2.17 % |
0.26 % |
1.53 % |
0.2 % |
1.78 % |
| Manufacturing |
-0.53 % |
0.05 % |
0.41 % |
-0.03 % |
-0.94 % |
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| Total Public Construction |
0.58 % |
-0.5 % |
1.73 % |
-0.49 % |
2.1 % |
| Residential |
-2.25 % |
-0.45 % |
2.14 % |
-0.46 % |
3.54 % |
| Nonresidential |
0.65 % |
-0.5 % |
1.72 % |
-0.49 % |
2.06 % |
| Office |
-1.58 % |
0.12 % |
0.83 % |
2.02 % |
3.5 % |
| Commercial |
4.58 % |
0.08 % |
2.86 % |
0.74 % |
8.05 % |
| Health care |
2.37 % |
-2.97 % |
3.84 % |
-0.33 % |
5.17 % |
| Educational |
0.27 % |
-0.6 % |
4.61 % |
-0.37 % |
3.28 % |
Public safety |
-0.58 % |
0.08 % |
-1.76 % |
1.06 % |
0.28 % |
| Amusement & recreation |
0.4 % |
-0.08 % |
1.42 % |
0.94 % |
0.67 % |
| Transportation |
2.59 % |
-1.27 % |
-0.98 % |
-0.12 % |
2.14 % |
| Power |
-2.53 % |
-0.53 % |
1.24 % |
-1.55 % |
-3.36 % |
Highway & street |
1.21 % |
0.69 % |
0.86 % |
-0.73 % |
0.48 % |
| Sewage & waste disposal |
0.1 % |
-1.24 % |
3.22 % |
-1.46 % |
2.88 % |
| Water supply |
0.38 % |
-2.7 % |
0.36 % |
-0.61 % |
7.21 % |
Conservation & development |
1.34 % |
-1.16 % |
1.32 % |
-3.31 % |
-2.74 % |
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