Construction spending in the United States during the first three months of 2025 totaled $486 billion, a 3% increase over the $472 billion recorded in the same period of 2024. The seasonally adjusted annual rate for March 2025 stood at $2.20 trillion, marking a 0.5% decrease from February but a 3% increase compared to March 2024, according to the U.S. Census Bureau.
Private construction accounted for $384 billion year-to-date, up 2% from $376 billion last year. Within this category, residential construction totaled $205 billion, rising 3% from $200 billion. Spending on new single-family homes slightly declined by 0.2% to $96 billion, while new multifamily construction fell 14% to $28 billion.
Nonresidential private construction reached $179 billion, increasing 2% year-on-year. Key gains came from manufacturing at $56 billion (up 4%) and transportation at $5 billion (up 10%). Meanwhile, commercial construction dropped 7% to $27 billion, and healthcare-related building declined 4% to $13 billion.
Public construction totaled $102 billion from January through March, growing 6% from $97 billion a year earlier. Nonresidential public projects made up nearly all of this, at $99 billion—up 6%. Educational construction led the category at $23 billion (up 8%), followed by highway and street projects at $23 billion, despite a 2% year-on-year decline.
Notably, religious structures posted a 16% increase to $1.2 billion, and amusement and recreation projects jumped 21% to $5 billion. Office construction under the public sector rose 3% to $3.7 billion, while commercial public building surged 44% to $1.5 billion.
