- Prior month 0.4% revised lower to 0.3%
- Construction spending for the month of May 0.1%
US Construction Spending (May 2026)
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Total construction spending: $2.210 trillion annualized
- +0.1% m/m (vs. revised $2.207 trillion in April)
- -1.5% y/y (vs. $2.244 trillion in May 2025)
- Year-to-date (Jan–May): $858.4 billion, -2.7% from $882.2 billion in the same period of 2025.
Private Construction
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Total private construction: $1.669 trillion annualized
- Virtually unchanged m/m (vs. $1.6685 trillion in April)
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Residential construction: $930.2 billion
- +0.3% m/m (vs. $927.1 billion in April)
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Nonresidential construction: $738.7 billion
- -0.3% m/m (vs. $741.3 billion in April)
Public Construction
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Total public construction: $541.2 billion
- +0.5% m/m (vs. $538.6 billion in April)
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Educational construction: $113.4 billion
- +0.6% m/m (vs. $112.8 billion in April)
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Highway construction: $150.6 billion
- +0.6% m/m (vs. $149.6 billion in April)
Key Takeaways
- Overall construction spending was essentially flat in May, rising just 0.1%.
- Residential construction posted a modest gain, while private nonresidential spending edged lower.
- Public construction outperformed, with gains in both education and highway projects.
- Despite the monthly increase, total construction spending remains below year-ago levels, with year-to-date spending down 2.7% from the same period in 2025.
This article was written by Greg Michalowski at investinglive.com.
