Download the report by clicking the link at the top right or bottom right of the page.
The U.S. building products industry entered Q2 2025 with cautious sentiment, as slowing residential activity was partly offset by steady momentum in commercial and infrastructure projects. Construction spending in June 2025 was recorded at a seasonally adjusted annual rate of $2.1 trillion, reflecting a 2.9% decline from June 2024. June spending also represented a 0.3% drop from May. YTD spending through H1 2025 was 2.2% lower versus the same period in 2024. Despite this softening, demand from data centers, healthcare, hotels, and mixed-use developments continues to underpin sector activity, with ConstructConnect forecasting a 7% rise in commercial starts in Q3 2025.
