by Calculated Threat on 9/02/2025 12:27:00 PM
From the Census Bureau reported that total building spending decreased:
Development spending throughout July 2025 was estimated at a seasonally adjusted annual charge of $2,139.1 billion, 0.1 p.c beneath the revised June estimate of $2,140.5 billion. The July determine is 2.8 p.c beneath the July 2024 estimate of $2,200.7 billion
emphasis added
Non-public spending decreased and public spending elevated:
Spending on personal building was at a seasonally adjusted annual charge of $1,623.3 billion, 0.2 p.c beneath the revised June estimate of $1,626.3 billion. …
In July, the estimated seasonally adjusted annual charge of public building spending was $515.8 billion, 0.3 p.c above the revised June estimate of $514.3 billion.
Click on on graph for bigger picture.
This graph exhibits personal residential and nonresidential building spending, and public spending, since 1993. Be aware: nominal {dollars}, not inflation adjusted.
Non-public residential (pink) spending is 9.4% beneath the height in 2022.
Non-public non-residential (blue) spending is 6.9% beneath the height in December 2023.
Public building spending (orange) is at a brand new peak.
The second graph exhibits the year-over-year change in building spending.
On a year-over-year foundation, personal residential building spending is down 5.3%. Non-public non-residential spending is down 3.7% year-over-year. Public spending is up 3.4% year-over-year.
This was beneath consensus expectations; nonetheless, spending for the earlier two months was revised up barely.
