\u00a0<\/h3>\nKey Points<\/strong><\/span><\/h3>\n\n- May 2025 Nonresidential US Construction Starts were $77.2 billion, an increase of $12.8 billion, up 19.8% over last month.<\/li>\n
- ConstructConnect Chief Economist Michael Guckes reported that the latest results pushed nonresidential spending growth into positive territory for the first time this year, up 6.9%.<\/li>\n
- Only weak residential spending is now keeping total construction activity from moving into positive growth territory.<\/li>\n<\/ul>\n
ConstructConnect announced today that the May 2025 volume of Total Nonresidential Construction Starts<\/a> \u2014 the sum of Nonresidential Building and Civil Construction \u2014 was $77.2 billion, an increase of $12.8 billion, or 19.8%.<\/p>\nThe latest results pushed Nonresidential spending growth into positive territory, up 6.9%, for the first time this year.<\/p>\n
Read the June 2025 Construction Economy Snapshot<\/a><\/strong><\/p>\n\u00a0<\/p>\n
May Starts Provide Strong YTD Support<\/strong><\/h3>\nMonthly nonresidential starts<\/a> jumped to $77.2 billion, its highest reading in recorded history.<\/p>\n\u201cFive megaprojects contributed over $30 billion to the month\u2019s total starts spending, setting a record,\u201d said ConstructConnect Chief Economist, Michael Guckes.<\/p>\n
\u201cStrong megaproject activity in consecutive months has lifted the 12-month moving average of megaproject spending<\/a> to $12.3 billion.\u201d<\/p>\n![\"infographic](\"https:\/\/cc-production-uploads-bucket.s3.amazonaws.com\/uploads\/2025\/06\/June-2025-construction-snapshot-starts-through-may-2025-constructconnect.webp\")
<\/a>CONSTRUCTCONNECT \u2014 Summary chart of Total US Construction Starts through May 31, 2025.<\/figcaption><\/figure>\nThe remaining megaprojects were split between Transportation Terminals,\u00a0Power Plants and Lines<\/a>, and Tunnels. ConstructConnect recorded 27 megaprojects totaling $67.9 billion in the YTD period through May.\u00a0<\/p>\n![\"Michael](\"https:\/\/cc-production-uploads-bucket.s3.amazonaws.com\/uploads\/2025\/06\/Michael-Guckes-Headshot-Close-Up-1.webp\")
Michael Guckes, ConstructConnect Chief Economist<\/figcaption><\/figure>\nGuckes added, \u201cThis is a 50% improvement over the recent low recorded during February, when average monthly\u00a0megaproject<\/a>\u00a0spending fell to a post-COVID low of just $8.4 billion.\u201d<\/p>\nThe majority of May\u2019s megaproject spending was attributed to the recent\u00a0groundbreaking\u00a0<\/a>of the Taiwan Semiconductor Manufacturing Company\u2019s new chip plant located in Phoenix, AZ.<\/p>\nThe\u00a0megaproject activity<\/a> for the month transitioned manufacturing \u201cfrom being among the five worst-performing subcategories YTD to now being among the top five best performers through May,\u201d Guckes said.\u00a0<\/p>\n\u201cMay\u2019s megaprojects spending once again emphasized the importance of very large projects in the\u00a0nonresidential construction market<\/a>, accounting for 39% of the month\u2019s total spending.\u201d<\/p>\n\u00a0<\/p>\n
Best and Underperforming YTD Categories<\/h3>\n
Summary\u00a0Construction Starts<\/a>\u00a0chart of best performing and underperforming large dollar categories, year-to-date through May 31, 2025:<\/p>\n![\"Summary\u00a0Construction](\"https:\/\/cc-production-uploads-bucket.s3.amazonaws.com\/uploads\/2025\/06\/may-2025-biggest-dollar-gain-loss-chart-snapshot-constructconnect-2025.webp\")
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Read the\u00a0Construction Economy Snapshot<\/a>\u00a0for more details on construction labor, trends, and regional analysis.<\/em><\/p>\n<\/p><\/div>\n
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- May 2025 Nonresidential US Construction Starts were $77.2 billion, an increase of $12.8 billion, up 19.8% over last month.<\/li>\n
- ConstructConnect Chief Economist Michael Guckes reported that the latest results pushed nonresidential spending growth into positive territory for the first time this year, up 6.9%.<\/li>\n
- Only weak residential spending is now keeping total construction activity from moving into positive growth territory.<\/li>\n<\/ul>\n
ConstructConnect announced today that the May 2025 volume of Total Nonresidential Construction Starts<\/a> \u2014 the sum of Nonresidential Building and Civil Construction \u2014 was $77.2 billion, an increase of $12.8 billion, or 19.8%.<\/p>\n
The latest results pushed Nonresidential spending growth into positive territory, up 6.9%, for the first time this year.<\/p>\n
Read the June 2025 Construction Economy Snapshot<\/a><\/strong><\/p>\n
\u00a0<\/p>\n
May Starts Provide Strong YTD Support<\/strong><\/h3>\n
Monthly nonresidential starts<\/a> jumped to $77.2 billion, its highest reading in recorded history.<\/p>\n
\u201cFive megaprojects contributed over $30 billion to the month\u2019s total starts spending, setting a record,\u201d said ConstructConnect Chief Economist, Michael Guckes.<\/p>\n
\u201cStrong megaproject activity in consecutive months has lifted the 12-month moving average of megaproject spending<\/a> to $12.3 billion.\u201d<\/p>\n
<\/a>CONSTRUCTCONNECT \u2014 Summary chart of Total US Construction Starts through May 31, 2025.<\/figcaption><\/figure>\n The remaining megaprojects were split between Transportation Terminals,\u00a0Power Plants and Lines<\/a>, and Tunnels. ConstructConnect recorded 27 megaprojects totaling $67.9 billion in the YTD period through May.\u00a0<\/p>\n
Michael Guckes, ConstructConnect Chief Economist<\/figcaption><\/figure>\n Guckes added, \u201cThis is a 50% improvement over the recent low recorded during February, when average monthly\u00a0megaproject<\/a>\u00a0spending fell to a post-COVID low of just $8.4 billion.\u201d<\/p>\n
The majority of May\u2019s megaproject spending was attributed to the recent\u00a0groundbreaking\u00a0<\/a>of the Taiwan Semiconductor Manufacturing Company\u2019s new chip plant located in Phoenix, AZ.<\/p>\n
The\u00a0megaproject activity<\/a> for the month transitioned manufacturing \u201cfrom being among the five worst-performing subcategories YTD to now being among the top five best performers through May,\u201d Guckes said.\u00a0<\/p>\n
\u201cMay\u2019s megaprojects spending once again emphasized the importance of very large projects in the\u00a0nonresidential construction market<\/a>, accounting for 39% of the month\u2019s total spending.\u201d<\/p>\n
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Best and Underperforming YTD Categories<\/h3>\n
Summary\u00a0Construction Starts<\/a>\u00a0chart of best performing and underperforming large dollar categories, year-to-date through May 31, 2025:<\/p>\n
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Read the\u00a0Construction Economy Snapshot<\/a>\u00a0for more details on construction labor, trends, and regional analysis.<\/em><\/p>\n<\/p><\/div>\n