According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending came in at a seasonally adjusted annual rate of $882.3 billion in August 2026. This is up 1.1% from July but down 4.8% from the previous year.
All residential sectors saw an increase, but remodeling posted the largest monthly gain at 2.5%. Spending on single-family and multifamily construction increased by 0.2% in August, but decreased 3.5% and 0.6% from 2025, respectively.
