Single-family construction spending declines for third straight month.

Homebuilding

U.S. single-family construction spending falls 1.8% in June

U.S. single-family construction spending falls 1.8% in June

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New single-family residential construction spending in the United States dropped for the third consecutive month, reaching $412.9 billion in June 2025, down 1.8% from $420.6 billion in May. This marks a continued monthly decline since April, when spending was $428.5 billion. Compared with June 2024, single-family spending decreased 5.3% from $436.2 billion. For the first six months of 2025, single-family construction totaled $204.6 billion, 2.6% less than the $210.1 billion recorded during the same period in 2024, according to the U.S. Census Bureau.

Total U.S. construction spending for June 2025 was $2,136.2 billion, a decrease of 0.4% from the revised May estimate of $2,143.9 billion. Year-over-year, total construction was 2.9% lower than the June 2024 figure of $2,199.8 billion. For the first half of 2025, total construction spending amounted to $1,036.1 billion, down 2.2% compared to $1,058.9 billion in the first half of 2024.

Private construction spending in June 2025 was $1,621.9 billion, falling 0.5% from May. Private residential construction totaled $883.1 billion, a decline of 0.7% month over month, and private nonresidential construction was $738.8 billion, 0.3% lower than May.

Public construction spending reached $514.3 billion in June, up 0.1% from the previous month. Within public construction, educational projects stood at $112.7 billion (up 0.4% from May) and highway projects at $144.1 billion (up 0.6%).

Year over year, private residential construction declined 6.2% from $941.4 billion. Private nonresidential spending dropped 4.0% from $769.5 billion in June 2024. Public construction increased 5.2% from $488.9 billion a year earlier, with notable growth in public health care construction (up 12.7% to $16.0 billion) and public commercial construction (up 24.0% to $6.9 billion).