Healthcare construction spending increased .6% in January 2025, but has decreased .7% over a 12-month period, according to the latest Associated Builders and Contractors’ analysis of data published by the U.S. Census Bureau.
Overall, nonresidential construction spending was up on a monthly basis in 12 of the 16 subcategories. Private nonresidential spending was unchanged, while public nonresidential construction spending was up 0.2% in January.
“Despite high interest rates and the looming effects of tariffs and heightened economic uncertainty, contractors remain optimistic,” said ABC Chief Economist Anirban Basu. “Nearly 65% of contractors expect their sales to increase during the first half of 2025, according to the January reading of ABC’s Construction Confidence Index. That said, it’s possible that the February reading of ABC’s CCI will show increased pessimism given declines in other economic confidence indicators.”
Visit abc.org/economics for the Construction Backlog Indicator and Construction Confidence Index, plus analysis of spending, employment, job openings and the Producer Price Index.
