Construction Spending Rose 0.6% in March

Washington, DC, May 7, 2026-Construction spending during March 2026 was estimated at a seasonally adjusted annual rate of $2,185.5 billion, 0.6% above the February estimate of $2,173.2 billion, according to the U.S. Census Bureau. The March figure is 1.6% above the March 2025 estimate of $2,150.8 billion. During the first three months of this year, construction spending amounted to $479.4 billion, 0.3% above the $477.9 billion for the same period in 2025.

Spending on private construction was at a seasonally adjusted annual rate of $1,659.0 billion, 0.8% above the February estimate of $1,645.6 billion. Residential construction was at a seasonally adjusted annual rate of $929.7 billion in March, 1.7% above the February estimate of $914.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $729.4 billion in March, 0.2% below the February estimate of $731.0 billion.

In March, the estimated seasonally adjusted annual rate of public construction spending was $526.4 billion, 0.2% below the February estimate of $527.6 billion. Educational construction was at a seasonally adjusted annual rate of $113.0 billion, 0.6% below the February estimate of $113.6 billion. Highway construction was at a seasonally adjusted annual rate of $147.8 billion, 0.1% below the February estimate of $148.0 billion.