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Wednesday, January 21, 2026

Construction Spending Rises 0.8% vs. 1.0% Expectation: Nonresidential Rolling Over?

Courtesy of Mish.

Construction spending, up 0.8% in February, was a bit weaker than the Bloomberg Econoday Consensus estimate of 1.0%.

However, the Census Department revised January from -1.0% to -0.4% so the report was a bit stronger than it appears on the surface.

Construction strength is not uniform.

Total Construction Spending in Millions of Dollars

Total Construction Spending Percent Change From Year Ago

Year-over-year residential construction spending is up 6.16% but nonresidential construction is up only 0.95%.

Construction Spending by Type


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