Construction Spending Starts Slow in New Year
- Mar 3
- 1 min read
Construction spending during January 2025 was estimated at a seasonally adjusted annual rate of $2,192.5 billion, 0.2 percent below the upward revised December estimate of $2,196.0 billion. However, this year’s January figure is 3.3 percent above the January 2024 estimate of $2,122.2 billion.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $1,686.0 billion, 0.2 percent below the revised December estimate of $1,690.1 billion. Residential construction was at a seasonally adjusted annual rate of $932.7 billion in January, 0.4 percent below the revised December estimate of $936.9 billion. Meanwhile, Non-residential construction was at a seasonally adjusted annual rate of $753.3 billion in January, virtually unchanged from the revised December estimate of $753.2 billion.
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