December construction spending ticks up from November
December 2025 construction spending was estimated at a seasonally adjusted annual rate of $2,168.8 billion, 0.3% above the November estimate of $2,163.1 billion. The December figure is 0.4% below the December 2024 estimate of $2,176.6 billion.
The value of construction in 2025 was $2,164.4 billion, 1.4% below the $2,194.8 billion spent in 2024.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $1,647.1 billion, 0.5% above the November estimate of $1,638.8 billion. Residential construction was at a seasonally adjusted annual rate of $916.2 billion in December, 1.5% above the November estimate of $902.5 billion. Nonresidential construction was at a seasonally adjusted annual rate of $730.9 billion in December, 0.7% below the November estimate of $736.3 billion.
The value of private construction in 2025 was $1,647.5 billion, 2.9% below the $1,696.0 billion spent in 2024. Residential construction in 2025 was $905.2 billion, 2.6% below the 2024 figure of $929.5 billion and nonresidential construction was $742.4 billion, 3.1% below the $766.5 billion in 2024.
Public Construction
In December, the estimated seasonally adjusted annual rate of public construction spending was $521.7 billion, 0.5% below the November estimate of $524.3 billion. Educational construction was at a seasonally adjusted annual rate of $114.0 billion, 0.8% below the November estimate of $114.9 billion. Highway construction was at a seasonally adjusted annual rate of $141.4 billion, 0.3% below the November estimate of $141.8 billion.
The value of public construction in 2025 was $516.8 billion, 3.6% above the $498.7 billion spent in 2024. Educational construction in 2025 was $113.0 billion, 0.5% above the 2024 figure of $112.4 billion and highway construction was $141.9 billion, 0.9% below the $143.2 billion in 2024.
INDUSTRIAL SUPPLY MAGAZINE
The January/February issue of Industrial Supply magazine features an in-depth cover story about Grainger. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
