Private residential construction spending was up 1.3% in October, rebounding from a 1.4% decline in September 2025, and was primarily driven by increased spending on home improvements. Despite the increase, total spending remained 1.3% lower than a year ago in response to navigating economic uncertainty, stemming from ongoing tariff concerns and elevated mortgage rates.Â
According to the latest U.S. Census construction spending data, single-family construction spending declined 1.3% in October, consistent with the soft builder confidence reflected in the NAHB/Wells Fargo Housing Market Index (HMI). Compared to a year ago, single-family construction spending decreased by 6.1%.Â
