Total Construction
Construction spending during October 2025 was estimated at a seasonally adjusted annual rate of $2,175.2 billion, 0.5 percent (±0.7 percent)* above the September estimate of $2,164.3 billion. The October figure is 1.0 percent (±1.5 percent)* below the October 2024 estimate of $2,197.1 billion. During the first ten months of this year, construction spending amounted to $1,825.3 billion, 1.4 percent (±1.0 percent) below the $1,851.4 billion for the same period in 2024.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $1,651.3 billion, 0.6 percent (±0.5 percent) above the September estimate of $1,640.8 billion. Residential construction was at a seasonally adjusted annual rate of $913.9 billion in October, 1.3 percent (±1.3 percent)* above the September estimate of $902.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $737.4 billion in October, 0.2 percent (±0.5 percent)* below the September estimate of $738.5 billion.
Public Construction
In October, the estimated seasonally adjusted annual rate of public construction spending was $524.0 billion, 0.1 percent (±1.0 percent)* above the September estimate of $523.5 billion. Educational construction was at a seasonally adjusted annual rate of $114.8 billion, 0.7 percent (±1.3 percent)* above the September estimate of $114.0 billion. Highway construction was at a seasonally adjusted annual rate of $141.6 billion, 0.1 percent (±2.6 percent)* above the September estimate of $141.4 billion.
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