USA: Construction Spending Falls 0.3% in January.

US construction spending declined 0.3% month-over-month in January 2026, reaching a seasonally adjusted annual rate of $2.19 trillion, following a revised 0.8% increase in December 2025 and missing market expectations of a 0.1% rise. Private construction fell 0.6% to $1.66 trillion, with residential construction down 0.8% and nonresidential construction slipping 0.4%. In contrast, public construction spending rose 0.6% to $529.2 billion, led by a 3.3% surge in highway construction, while public educational construction dipped 0.2%.