FX.co ★ US Construction Spending Misses Forecasts Again in April

In April 2025, construction spending in the United States experienced a decline of 0.4% compared to the previous month, reaching a seasonally adjusted annual rate of $2,152.4 billion. This followed a revised 0.8% decrease in March and fell short of market predictions, which anticipated a 0.3% increase. Within the private sector, spending dropped by 0.7%, with the residential sector witnessing a 0.9% reduction, largely due to a 1.1% decrease in new single-family projects. Nonresidential construction spending saw a 0.5% drop, highlighted by a significant 2.6% decline in religious building projects. Conversely, public sector spending rose by 0.4%, bolstered by a 0.5% uptick in nonresidential activities, especially in commercial (+3.8%), healthcare (+3.3%), and office projects (+1.2%). Nevertheless, the residential component in this sector decreased by 0.6%. Overall, on an annual basis, construction spending contracted by 0.5% in April.