Construction spending during August 2025 was estimated at a seasonally adjusted annual rate of $2,169.5 billion, 0.2 percent above the revised July estimate of $2,165.0 billion. The August figure is 1.6 percent below the August 2024 estimate of $2,205.3 billion.
emphasis added
Private spending increased and public spending was unchanged:
Spending on private construction was at a seasonally adjusted annual rate of $1,652.1 billion, 0.3 percent above the revised July estimate of $1,647.5 billion. …
n August, the estimated seasonally adjusted annual rate of public construction spending was $517.3 billion, virtually unchanged from the revised July estimate of $517.5 billion.
Click on graph for larger image.
This graph shows private residential and nonresidential construction spending, and public spending, since 1993. Note: nominal dollars, not inflation adjusted.
Private residential (red) spending is 6.5% below the peak in 2022.
Private non-residential (blue) spending is 6.8% below the peak in December 2023.
Public construction spending (orange) is close to the peak.
The second graph shows the year-over-year change in construction spending.
On a year-over-year basis, private residential construction spending is down 2.0%. Private non-residential spending is down 4.0% year-over-year. Public spending is up 2.7% year-over-year.