U.S. Construction Spending Falls on Single-Family Weakness
Current Influences on U.S. Construction Spending U.S. construction spending experienced a notable downturn. April 2025 saw a 0.4% month-over-month decline, reaching a seasonally adjusted annual rate of $2,152.4 billion. This decline is a key economic indicator. The construction market reveals vulnerabilities, particularly in single-family housing, due to higher borrowing costs and an oversupply of unsold homes. These factors drive the decrease in single-family construction spending. This impacts the overall performance of the construction sector. The downturn reflects wider economic trends. Yearly comparison showed a 0.5% shrinkage in construction spending for April, further emphasizing ongoing challenges. Economic conditions and market dynamics play essential roles. Forecasting figures for 2025 predict construction spending at $2.23 trillion. This would indicate a 3.3% growth despite the April dip. In 2024, annual spending stood at $2.2 trillion. The industry contributed 4.5% to the ...