Construction spending during Dec. 2025 was estimated at a seasonally adjusted annual rate of $2,168.8 billion, +0.3% above the November estimate of $2,163.1 billion. The December figure is -0.4% below the Dec. 2024 estimate of $2,176.6 billion. The value of construction in 2025 was $2,164.4 billion, -1.4 % below the $2,194.8 billion spent in 2024.
Private construction
Spending on private construction was at $1,647.1 billion, +0.5% above the November estimate of $1,638.8 billion. Residential construction was at $916.2 billion in December, +1.5% above the November estimate of $902.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $730.9 billion in December, -0.7% below the November estimate of $736.3 billion.
The value of private construction in 2025 was $1,647.5 billion, -2.9% below the $1,696 billion spent in 2024. Residential construction in 2025 was $905.2 billion, - 2.6% below the 2024 figure of $929.5 billion and nonresidential construction was $742.4 billion, -3.1% below the $766.5 billion in 2024.
Public construction
In December, estimated public construction spending was $521.7 billion, -0.5% below the November estimate of $524.3 billion. Educational construction was at a seasonally adjusted annual rate of $114 billion, -0.8% below the November estimate of $114.9 billion.
The value of public construction in 2025 was $516.8 billion, +3.6% above the $498.7 billion spent in 2024. Educational construction in 2025 was $113 billion, +0.5% above the 2024 figure of $112.4 billion and highway construction was $141.9 billion, -0.9% below the $143.2 billion in 2024.
