February construction spending up 0.7%
Construction spending during February 2025 was estimated at a seasonally adjusted annual rate of $2,195.8 billion, 0.7% (±0.8%) above the revised January estimate of $2,179.9 billion.
The February figure is 2.9% (±1.3%) above the February 2024 estimate of $2,133.8 billion. During the first two months of this year, construction spending amounted to $311.1 billion, 2.1% (±1.2%) above the $304.8 billion for the same period in 2024.
Spending on private construction was at a seasonally adjusted annual rate of $1,686.4 billion, 0.9% (±0.7%) above the revised January estimate of $1,671.8 billion. Residential construction was at a seasonally adjusted annual rate of $928.9 billion in February, 1.3% (±1.3%) above the revised January estimate of $917.1 billion. Nonresidential construction was at a seasonally adjusted annual rate of $757.5 billion in February, 0.4% (±0.7%)* above the revised January estimate of $754.8 billion.
In February, the estimated seasonally adjusted annual rate of public construction spending was $509.3 billion, 0.2% (±1.8%) above the revised January estimate of $508.1 billion. Educational construction was at a seasonally adjusted annual rate of $110.8 billion, 0.3% (±2.3%) above the revised January estimate of $110.4 billion. Highway construction was at a seasonally adjusted annual rate of $147.2 billion, 1.2% (±6.7%) above the revised January estimate of $145.4 billion.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Industrial Supply Co. 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.
