Construction Spending Rose 0.5% in October

Washington, DC, January 21, 2026-Construction spending during October 2025 was estimated at a seasonally adjusted annual rate of $2,175.2 billion, 0.5% above the September estimate of $2,164.3 billion, according to the U.S. Census Bureau. 

The October figure is 1.0% below the October 2024 estimate of $2,197.1 billion. During the first ten months of this year, construction spending amounted to $1,825.3 billion, 1.4% below the $1,851.4 billion for the same period in 2024.

Spending on private construction was at a seasonally adjusted annual rate of $1,651.3 billion, 0.6% above the September estimate of $1,640.8 billion. Residential construction was at a seasonally adjusted annual rate of $913.9 billion in October, 1.3% above the September estimate of $902.3 billion. Nonresidential construction was at a seasonally adjusted annual rate of $737.4 billion in October, 0.2% below the September estimate of $738.5 billion.

In October, the estimated seasonally adjusted annual rate of public construction spending was $524.0 billion, 0.1% above the September estimate of $523.5 billion. Educational construction was at a seasonally adjusted annual rate of $114.8 billion, 0.7% above the September estimate of $114.0 billion. Highway construction was at a seasonally adjusted annual rate of $141.6 billion, 0.1% above the September estimate of $141.4 billion.