October 1, 2026
Construction spending (the green bars above) rose 0.9% in August after having fallen 0.1% in July. In the past 12 months it has declined 1.7%
Private construction spending (excluding the government sector) rose 1.1% in August after having declined 0.2% in July. In the past year private construction has declined 3.1%.
Within the private construction spending category, residential spending rose 1.1% in August after having declined 1.1% in July. In the past 12 months residential construction spending has fallen 4.8%. This category is still showing no sign of turning upwards.
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Nonresidential construction rose 1.0% in August after having risen 0.8% in July. In the past 12 months nonresidential construction has declined 1.0%. It had been declining slowly for the past two years but is finally beginning to show signs of turning upwards.
Public sector construction spending rose 0.2% in August after having risen 0.1% in July. In the past year such spending has risen 2.5%.
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Stephen Slifer
NumberNomics
Charleston, SC
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