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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

April 02, 2024

Month over month (February 2024 vs January 2024), seasonally adjusted annual rate)

US construction spending decreased 0.3% to $2,091.5 billion. 

  • Total residential construction increased 0.7% to $912.7 billion.
  • Total non-residential construction spending decreased 1.0% to $1,178.8 billion.
  • Public sector construction decreased 1.2% to $474.4 billion.                                                           
  • Private sector construction increased 0.02% to $1,617.1 billion.


Private residential construction increased 0.7% to $901.1 billion, while private non-residential construction spending decreased 0.9% to $716.0 billion.

Public residential construction decreased 1.2% to $11.6 billion, while public non-residential construction spending decreased 1.2% to $462.8 billion.




Year-over-year (February 2024 vs February 2023)

US construction spending was up 10.7%. 

  • Total residential construction was up 6.5%.
  • Total non-residential construction was up 14.2%.
  • Private sector construction was up 9.0%.
  • Public sector construction was up 16.8%.


Source: US Census Bureau, retrieved from Federal Reserve Bank of St. Louis using a FRED APIand charts were generated by a VBA.

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