U.S. Construction Spending Unexpectedly Increases In August
Private construction spending rose 1.1% and residential investment increased 1.1%, while year-over-year spending still fell 1.7%, the Commerce Department said.
- On Thursday, the Commerce Department reported construction spending rose 0.9% in August to an annual rate of $2.203 trillion, following an upwardly revised 0.1% decline in July.
- Economists polled by Reuters had forecasted construction spending would remain unchanged after the previously reported 0.5% decline in July, creating divergence from actual results.
- Private construction outlays surged 1.1% in August, driven by a 1.0% increase in nonresidential structures; office projects soared 4.6% while power plants rose 0.9%.
- Mortgage rates averaged 7.03% last week according to Freddie Mac data, weighing on homebuilding demand and causing single-family housing outlays to drop 3.5% year-over-year.
- Year-over-Year construction spending declined 1.7% in August, reflecting persistent industry weakness despite the unexpected monthly activity surge.
22 Articles
22 Articles
U.S. Construction Spending Unexpectedly Increases In August
A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.
Construction expenditures in the United States totalled US$ 2,203 trillion in August at a seasonally adjusted rate, representing an advance of 0.9% compared to July, which stood at US$ 2,184 trillion (revised data), according to the Department of Commerce this Thursday. The reading was well above the estimate of some analysts, which pointed to a discharge of 0.1%. In relation to the same period of the previous year, there was a decrease of 1.7% …
Rock Products Magazine - Construction Spending; Highways Move Higher in August
According to the U.S. Census Bureau, construction spending during August 2026 was estimated at a seasonally adjusted annual rate of $2,203.1 billion, 0.9% (±1.0%) above the revised July estimate of $2,184.5 billion. The August figure is 1.7% (±1.5%) below the August 2025 estimate of $2,242.0 billion. During the first eight months of this year, construction spending amounted to $1,450.4 billion,… The post Construction Spending; Highways Move High…
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