US Single-Family Housing Construction Spending Decline

ongoing

Under Construction

U.S. construction spending dropped further in June 2025, with a sharp decline in outlays on single-family housing projects due to higher mortgage rates and rising inventory. Spending on private construction projects slipped 0.5%, with residential construction investment decreasing 0.7%, and new single-family housing projects outlays plunging 1.8%. Multi-family housing unit outlays were unchanged, and investment in private non-residential structures like offices and factories fell 0.3%. Public construction spending edged up 0.1%, with state and local government spending increasing 0.5%, while federal government project outlays dropped 4.4%.

Reuters

Project

Residential, Government