Construction Spending Slid 1.9% in September

Washington, DC, November 2, 2026—Construction spending during September 2026 was estimated at a seasonally adjusted annual rate of $2,186.1 billion, 1.9% below the revised August estimate of $2,227.4 billion. 

The September figure is 2.7% below the September 2025 estimate of $2,245.8 billion.

During the first nine months of this year, construction spending amounted to $1,649.6 billion, 2.9% below the $1,698.6 billion for the same period in 2025.

Spending on private construction was at a seasonally adjusted annual rate of $1,639.3 billion, 2.4% below the revised August estimate of $1,680.3 billion. Residential construction was at a seasonally adjusted annual rate of $848.8 billion in September, 5.5% below the revised August estimate of $898.0 billion. Nonresidential construction was at a seasonally adjusted annual rate of $790.6 billion in September, 1.1% above the revised August estimate of $782.3 billion.

In September, the estimated seasonally adjusted annual rate of public construction spending was $546.8 billion, 0.1% below the revised August estimate of $547.1 billion. Educational construction was at a seasonally adjusted annual rate of $113.1 billion, virtually unchanged from the revised August estimate of $113.1 billion. Highway construction was at a seasonally adjusted annual rate of $149.2 billion, 0.3% below the revised August estimate of $149.7 billion.