21 January 2026, 19:14 USA: Construction Spending Rises More than Expected.
Construction spending in the US rose 0.5% month-over-month in October 2025, following a 0.6% decrease in September and above market estimates of a 0.1% uptick. Private sector spending rose by 0.6% in the period, bouncing back from a 0.9% decline in September, chiefly driven by the residential sector. Investment in residential construction rose 1.3%, after a 1.4% drop in September, likely due to renovations, as both new single (-1.3%) and multi-family (-0.2%) projects declined. The nonresidential segment shrank by 0.2%. Meanwhile, public spending edged up by 0.1%, following a 0.4% advance in the prior month, driven by a 0.1% increase in the nonresidential sector. Year-on-year, construction spending shrank by 1%. The data was delayed by the 43-day government shutdown.
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