Story perspectives
U.S. Construction Spending Dips 0.4% Amid Mixed Trends
6/3/2025
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Story summary
- U.S. construction spending declined by 0.4% in April, reaching an annual rate of $2.15 trillion.
- This marks a 0.5% decrease compared to April 2024.
- Residential construction spending fell by 0.9% to $892.8 billion.
- Private nonresidential construction decreased by 0.5% to $746 billion.
- Public sector spending increased by 0.4% to $513.5 billion, driven by a 0.5% rise in highway projects.
