FOR IMMEDIATE RELEASE: Thursday, May 1, 2025
Monthly Construction Spending, March 2025
CB25-67
Total Construction
Construction spending during March 2025 was estimated at a seasonally adjusted annual rate of $2,196.1 billion, 0.5 percent (±0.8 percent)* below the revised February estimate of $2,206.9 billion. The March figure is 2.8 percent (±1.2 percent) above the March 2024 estimate of $2,135.8 billion. During the first three months of this year, construction spending amounted to $485.7 billion, 2.9 percent (±1.0 percent) above the $472.2 billion for the same period in 2024.
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $1,688.0 billion, 0.6 percent (±0.5 percent) below the revised February estimate of $1,697.7 billion. Residential construction was at a seasonally adjusted annual rate of $937.7 billion in March, 0.4 percent (±1.3 percent)* below the revised February estimate of $941.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $750.3 billion in March, 0.8 percent (±0.5 percent) below the revised February estimate of $756.0 billion.
Public Construction
In March, the estimated seasonally adjusted annual rate of public construction spending was $508.1 billion, 0.2 percent (±1.5 percent)* below the revised February estimate of $509.2 billion. Educational construction was at a seasonally adjusted annual rate of $110.0 billion, 0.6 percent (±1.6 percent)* below the revised February estimate of $110.6 billion. Highway construction was at a seasonally adjusted annual rate of $145.8 billion, 0.5 percent (±5.6 percent)* below the revised February estimate of $146.4 billion.
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