Construction activity spending across the United States rose in February on both a monthly and annual basis, with residential and nonresidential spending registering an uptick.
“Construction spending during February 2025 was estimated at a seasonally adjusted annual rate of $2,195.8 billion,” the Census Bureau said in an April 1 statement. This was up 0.7 percent from January and 2.9 percent from a year back.
The bureau highlighted that construction spending in the first two months of 2025 has outpaced numbers from the same period in 2024.
Construction spending includes money spent on new projects such as infrastructure and housing. Since the construction sector is a crucial component of the economy, growth in the sector positively impacts gross domestic product (GDP)….