April Amounts Down for Construction Spending

Construction spending during April 2025 was estimated at a seasonally adjusted annual rate of $2,152.4 billion, 0.4 percent below the downward revised March estimate of $2,162.0 billion. The April figure is 0.5 percent below the April 2024 estimate of $2,163.2 billion. During the first four months of this year, construction spending amounted to $660.2 billion, a modest 1.4 percent above the $651.3 billion for the same period in 2024.  It’s worth noting, public spending actually increased while it was the private sector (mostly residential spending) that experienced a decrease.

Private Construction

Spending on private construction was at a seasonally adjusted annual rate of $1,638.9 billion, 0.7 percent below the revised March estimate of $1,650.8 billion. Residential construction was at a seasonally adjusted annual rate of $892.8 billion in April, 0.9 percent below the revised March estimate of $900.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $746.0 billion in April, 0.5 percent below the revised March estimate of $750.1 billion.

Public Construction

In April, the estimated seasonally adjusted annual rate of public construction spending was $513.5 billion, 0.4 percent above the revised March estimate of $511.3 billion. Educational construction was at a seasonally adjusted annual rate of $110.9 billion, 0.1 percent below the revised March estimate of $111.0 billion. Highway construction was at a seasonally adjusted annual rate of $146.3 billion, 0.5 percent above the revised March estimate of $145.5 billion.

 BY THE NUMBERS:

TOTAL in millions:	APRIL 2025 - $ 2,152,380
Private Sector:	$  1,687,970 (76.14% of total)
Residential	$    892,811 (41.48%)  Down four straight months / (-$37million) since Jan. ‘25
Nonresidential	$    746,047 (34.66%)
Public Sector:	$    513,572 (23.86% of total) Highest dollar level in 2025
State/Local	$    475,961 (22.11%)
Federal	$     37,561 (  1.75%)