In the first half of 2025, the U.S. construction market slowed down as a whole due to factors such as high interest rates, labor shortages, rising material costs and tariff policies. Construction spending totaled $103 billion 610 million, down 2.2% from a year earlier. The decline in residential construction is the main reason, and private investment is cautious, which is basically the same as the same period. Nonresidential construction grew, driven by manufacturing and data centers. However, due to the uncertainty of tariff policy, more enterprises postpone projects, which to some extent hinders the further development of the construction market.
In the first half of
2025, the U.S. construction market was affected by high interest rates, labor shortages, rising material costs and tariff policies, and the overall market slowed down. In the first half of the year, the total construction expenditure in the United States reached 103.61 billion US dollars, down 2.2% from the same period last year. The decline in residential construction was the main impact. Private investment remained cautious and basically stable compared with the same period. Non-residential construction increased, mainly driven by manufacturing and data centers. However, more enterprises postponed projects because of the uncertainty of tariff policy.