U.S. Construction Spending Unexpectedly Falls 0.5% In July
Residential spending drove the decline as single-family projects fell 3.2% and factory outlays slipped 0.8%, the Commerce Department said.
- On Tuesday, the Commerce Department reported construction spending fell 0.5% to $2.158 trillion in July, marking the lowest level since October 2023.
- Freddie Mac data shows the average 30-year fixed-rate mortgage is hovering near 6.66%, while homebuilding faces a glut of unsold single-family houses.
- Residential construction investment tumbled 1.3%, with single-family housing projects dropping 3.2%, while multi-family housing units rose 0.2%.
- Factory project outlays dropped 0.8% in July and 21.7% year-over-year as the boost from the CHIPS and Science Act fades.
- Within the public sector, federal government projects declined 3.5%, while state and local government construction spending remained unchanged.
13 Articles
13 Articles
U.S. construction spending falls as data centers offset housing slump
July 2026 US construction spending declined 0.5% month over month to about $2.158 trillion, with a 3.8% year-over-year drop and the weakest level since October 2023. Residential spending fell 7.3% year over year, while nonresidential spending inched higher on gains in data-center and office categories, underscoring a softer overall environment driven by higher borrowing costs. · 15 sources across the spectrum on IJR News.
US construction spending drops to nearly three-year low in July
WASHINGTON, Sept 1 (Reuters) - U.S. construction spending unexpectedly fell in July, hitting the lowest level in nearly three years as higher mortgage rates weighed on single-family homebuilding. The Commerce Department's Census Bureau said on Tuesday...
U.S. Construction Spending Unexpectedly Falls 0.5% In July
Partly reflecting a steep drop in spending on residential construction, the Commerce Department released a report on Tuesday showing construction spending in the U.S. unexpectedly decreased in the month of July. The report said construction spending fell by 0.5 percent to an annual rate of $2.158 trillion in July after coming in virtually unchanged at a revised rate of $2.168 trillion in June.
Expenditures with construction in the United States fell 0.5% in the June to July period, according to data released on Tuesday (1st) by the country's Department of Commerce. The result surprised market participants hearing, who projected stability in spending. In July, expenditures amounted to $2,157 trillion, below the revised June number ($ 2,167 trillion). The July result of this year was 3.8% below the figures seen in the same month in 2025…
July U.S. Construction Spending Falls to Near 3-Year Low Despite Data Center Boom
The U.S. Census Bureau released its monthly construction spending report on Sept. 1, covering data for July 2026. The Bureau’s report shared that July total construction spending was estimated at an adjusted annual rate of $2.157.6 trillion, down 0.5% from the June revised mark, and down 3.8% year-over-year. It followed an upwardly revised flat reading in June and missed market expectations of a flat monthly reading for July. Overall, the July m…
Construction spending in the U.S. fell 0.5 percent month-on-month in July.
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