August US Construction Spending Rises Unexpectedly, Residential Building Up on Remodeling Activity

10:10 AM EDT, 10/01/2026 (MT Newswires) -- US construction spending rose by 0.9% in August, compared with a flat reading expected in a survey compiled by Bloomberg as of 7:15 am ET and following an upwardly revised 0.1% decrease in July. Private residential construction increased by 1.1%, with both single-family home construction and multi-family construction up 0.2% and remodeling activity up 2.5%. Excluding the gain in remodeling, overall construction would have been up 0.5%. Private nonresidential construction rose by 1%, while public construction rose by 0.2%.