Total Construction
Construction spending during March 2026 was estimated at a seasonally adjusted annual rate of $2,185.5 billion, 0.6 percent (±0.5 percent) above the February estimate of $2,173.2 billion. The March figure is 1.6 percent (±1.0 percent) above the March 2025 estimate of $2,150.8 billion. During the first three months of this year, construction spending amounted to $479.4 billion, 0.3 percent (±1.0 percent)* above the $477.9 billion for the same period in 2025.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $1,659.0 billion, 0.8 percent (±0.5 percent) above the February estimate of $1,645.6 billion. Residential construction was at a seasonally adjusted annual rate of $929.7 billion in March, 1.7 percent (±1.3 percent) above the February estimate of $914.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $729.4 billion in March, 0.2 percent (±0.5 percent)* below the February estimate of $731.0 billion.
Public Construction
In March, the estimated seasonally adjusted annual rate of public construction spending was $526.4 billion, 0.2 percent (±1.0 percent)* below the February estimate of $527.6 billion. Educational construction was at a seasonally adjusted annual rate of $113.0 billion, 0.6 percent (±1.6 percent)* below the February estimate of $113.6 billion. Highway construction was at a seasonally adjusted annual rate of $147.8 billion, 0.1 percent (±2.8 percent)* below the February estimate of $148.0 billion.
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