As the National Mineral Information Center of the United States Geological Survey (USGS) is migrating the data set to the ScienceBase platform, the release of the 2026 data is delayed, and the current official monthly cement supply and demand data is updated to January 2026. Therefore, in the absence of official data, this paper calculates and analyzes the operation of the cement industry in the United States by integrating effective market information. In the first half
of 2026, the U.S. construction market was affected by the rebound in interest rates, labor shortages, rising material costs, and repeated tariff policies triggered by the conflict between the United States and Iraq, despite the incremental demand in data centers, AI-related industrial buildings, and federal infrastructure. However, it is still difficult to fully offset the decline caused by the contraction of private sector (especially residential) construction demand, and the overall market continues to slow down. According to the U.S. Census Bureau, construction spending in the first half of 2026 totaled $1.05 trillion, down 3.5% from a year earlier. Among them, private residential construction expenditure is the main drag, and as the IIJA (Infrastructure Investment and Employment Act) project continues to land, public construction expenditure, including highway construction, remains at a high level, supporting construction demand in the first half of the year.
From the data point of view, housing is the weakest link. In June 2026, the construction of single-family housing, the most direct demand for cement, fell to 895,000 units, down 3.2% year-on-year, the third consecutive month of decline; the leading indicator of building permits also fell for three consecutive months, down 2.3% year-on-year in June, and the number of units under construction decreased by 6.2% year-on-year. At the pace of the first half of the year, US residential construction is heading for its fifth consecutive year of contraction. On the non-residential side, data centers and AI-related industrial buildings have become the biggest bright spots (Buzzi and Cemex both mentioned this demand in their earnings reports). Manufacturing construction expenditure has fallen from $180 billion in February to $172.7 billion in June, but the absolute scale still ranks first among non-residential sub-items.
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