February 27, 2026
Construction spending (the green bars above) rose 0.3% in Decemver after declining 0.2% in November.. This indicator was essentially unchanged in 2025. In the past 12 months it has declined 0.4%.
Private construction spending (excluding the government sector) rose 0.5% in December after declining 0.2% in November. In the past year private construction has declined 1.5%.
Within the private construction spending category, residential spending jumped 1.5% in December after having been unchanged in November. In rhe past 12 months residential construction spending has declined 1.2%. But in recent months this category is showing early signs of turning upwards.
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Nonresidential construction fell 0.7% in December aftger declining 0.5% in November. In the past 12 months nonresidential construction has declined 1.8%. It has been declining slowly for the past two years.
Public sector construction spending declined 0.5% in December after falling 0.2% in November. In the past year such spending has risen 3.5%.
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Stephen Slifer
NumberNomics
Charleston, SC
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