July Value of New Construction Down -2.8% Year-Over-Year to $2,140.5 Billion

Total construction spending during July 2025 was estimated at a seasonally adjusted annual rate of $2,139.1 billion, -0.1% below the revised June estimate of $2,140.5 billion. The July figure from the U.S. Census Dept. is -2.8% below the July 2024 estimate of $2,200.7 billion. During the first seven months of this year, construction spending amounted to $1,232.7 billion, -2.2%  below the $1,259.9 billion for the same period in 2024.

Private construction

Spending on private construction was at a seasonally adjusted annual rate of $1,623.3 billion, -0.2% below the revised June estimate of $1,626.3 billion. Residential construction was at a seasonally adjusted annual rate of $886.5 billion in July, +0.1% above the revised June estimate of $885.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $736.7 billion in July, -0.5% below the revised June estimate of $740.4 billion. With $41.2 billion in construction value through July, data center construction is up +29.8% year-over-year but ran about even with June 2025 with a meager +0.3% increase.

Public construction

In July, the estimated seasonally adjusted annual rate of public construction spending was $515.8 billion, +0.3% above the revised June estimate of $514.3 billion. Educational construction was at a seasonally adjusted annual rate of $111.7 billion, -0.1% below the revised June estimate of $111.8 billion. Highway construction was at a seasonally adjusted annual rate of $142.8 billion, -0.1% below the revised June estimate of $142.9 billion.