The U.S. Census Bureau announced the following value put in place construction statistics for January 2025 (released March 3, 2025).
Total Construction
Construction spending in January 2025 was estimated at a seasonally adjusted annual rate of $2,192.5 billion, which is 0.2% (±0.7%) lower than the revised December estimate of $2,196.0 billion. However, the January figure represents a 3.3% (±1.3%) increase compared to the January 2024 estimate of $2,122.2 billion.
Private Construction
Private construction spending was at a seasonally adjusted annual rate of $1,686.0 billion, 0.2% (±0.7%) below the revised December estimate of $1,690.1 billion. Residential construction in January stood at a seasonally adjusted annual rate of $932.7 billion, 0.4% (±1.3%) lower than the revised December estimate of $936.9 billion. Nonresidential construction was at a seasonally adjusted annual rate of $753.3 billion in January, nearly unchanged (±0.7%) from the revised December estimate of $753.2 billion.
Public Construction
Public construction spending in January was estimated at a seasonally adjusted annual rate of $506.6 billion, 0.1% (±1.3%) higher than the revised December estimate of $505.9 billion. Educational construction stood at a seasonally adjusted annual rate of $109.8 billion, 0.4% (±2.0%) lower than the revised December estimate of $110.3 billion. Highway construction was at a seasonally adjusted annual rate of $145.0 billion, 0.6% (±3.9%) above the revised December estimate of $144.1 billion.
The February 2025 Monthly Construction Spending Report will be released on April 1, 2025.
For more details, visit the full schedule in the Economic Briefing Room: www.census.gov/economic-indicators/. The full text and tables of this release can be found at www.census.gov/constructionspending/.