U.S. Construction Spending Jumped in August
By Dean Seal
U.S. construction spending grew in August at a much faster clip than surveyed analysts had expected, according to the latest report from the Census Bureau.
In its monthly report, the agency said spending on building projects came in at a seasonally adjusted rate of $2.2 trillion in August, up 0.9% from a revised July estimate of $2.18 trillion. Analysts surveyed by The Wall Street Journal had expected spending to edge up by just 0.1%.
The annualized pace of private construction was at a seasonally adjusted rate of $1.66 trillion in August, 1.1% higher than the prior month. Residential construction was at a seasonally adjusted rate of $882.3 billion in August, up 1.1% from July.
Annualized spending in the public sector was $547.8 billion in August, which is a 0.2% increase from the revised July estimate of $546.8 billion. Highway construction was $150.6 billion, 0.1% above the revised estimate for July, and $113.1 billion was spent on schools, also up 0.1% from last month.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
October 01, 2026 10:27 ET (14:27 GMT)
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