MoneyBusiness

Actions

US construction spending dips 0.2% in December

Construction Spending
Posted
and last updated

WASHINGTON (AP) — Spending on U.S. construction projects edged down a slight 0.2% in December, closing out a year when total construction registered its first annual decline in eight years.

The Commerce Department said Monday that the decline was the first monthly drop since a 0.9% fall in June. For the year, construction spending fell 0.3%, the first setback since a 2.6% decrease in 2011.

The fall-off reflects weakness in nonresidential construction, which fell 1.8%, the sharpest setback drop since April. Spending for most major categories from office building to shopping centers declined.

Home building rose a solid 1.4%. This category continues to benefit from falling mortgage rates and a strong labor market.

Spending by the federal government on construction projects rose a sharp 2.1% in December to the highest level in seven years, but this was offset by a 0.6% drop in the larger state and local government category.

Sign up for our Morning E-mail Newsletter to receive the latest headlines in your inbox.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Monday

10/27/2025

Partly Cloudy

68° / 52°

3%

Tuesday

10/28/2025

Sunny

78° / 52°

8%

Wednesday

10/29/2025

Sunny

81° / 55°

2%

Thursday

10/30/2025

Sunny

82° / 55°

1%

Friday

10/31/2025

Sunny

79° / 55°

3%

Saturday

11/01/2025

Sunny

79° / 55°

2%

Sunday

11/02/2025

Sunny

78° / 56°

1%

Monday

11/03/2025

Sunny

80° / 58°

0%