U.S. construction spending unexpectedly fell in January, pulled down by a decline in outlays on multi-family homebuilding. The Commerce Department's Census Bureau said on Monday that construction spending dropped 0.

M/M to $2,192.5B vs. 0.0% consensus and 0.5% prior, according to data released by the Bureau of Economic Analysis on Monday.

Washington, DC, March 3, 2025-- Construction spending during January 2025 was estimated at a seasonally adjusted annual rate of $2,192.5 billion, 0.2% below the revised December estimate of $2,196.0 billion, according to the U.S Census Bureau. The January figure is 3.3% above the January 2024 estimate of $2,122.2 billion.