U.S. construction spending fell in July amid a slow housing market
Spending on construction in the U.S. fell in July because the market continues its downward spiral.
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July’s construction spending estimate was once 0.1% lower than June’s revised estimate, in step with info launched Tuesday by the U.S. Census Bureau, with $2,139.1 billion spent at a seasonally adjusted annual charge compared with June’s spending estimate of $2,140.5 billion.
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In comparison to construction spending in July 2024, spending has dropped 2.8%. And compared with the first seven months of the twelve months in 2024, spending for the length of the same length in 2025 has dipped 2.2%.
Deepest construction spending dropped 0.2% remaining month. Residential construction rose quite of by 0.1% whereas nonresidential construction dropped 0.5% compared with June’s spending info.
A direct particularly covering current residential construction from the Bureau learned that allows dropped in July whereas beginning current builds increased. While this is capable of presumably maybe repeat the puny uptick in residential construction spending for July, the slowdown of current permits will seemingly be a trademark of what next month’s spending direct may perchance presumably maybe uncover about adore.
Contemporary single-family house gross sales seen a descend remaining month as effectively, in step with info from the Bureau and the Division of Housing and City Pattern. In comparison to July 2024, current house gross sales dropped 8.2% in July 2025.
Not only hang current house gross sales dropped, nonetheless a recent change from the S&P Cotality Case-Shiller Index for June learned that national house prices had been up only 1.9% twelve months-over-twelve months — marking their slowest increase for the reason that summer season of 2023, Nicholas Godec, head of mounted income tradables and commodities at S&P Dow Jones Indices, talked about in a free up.
Cities adore San Antonio, Memphis, Contemporary Orleans, Houston, and Miami hang considered the slowest plug of their respective housing markets, with properties sitting on the marketplace for weeks, in step with Zillow.
The most modern Census info furthermore learned that spending on public construction rose in July by 0.3% compared with June. Tutorial construction and toll road construction both dipped 0.1% remaining month.
— Ben Kesslen contributed to this article.
