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Data from U.S. Census Bureau. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Construction Spending MoM climbed to 0.4% in April 2026
U.S. Census BureauMonthlyReleased June 2026
US Construction Spending MoM climbed to 0.4% in April 2026, released June 2026, up 0.2% from March's 0.2% reading. The print exceeded the 0.2% consensus by 0.2%. The print is running well above the 12-month average of 0.03%. The reading is in the 79th percentile of the trailing 24-month range.
Latest Release
0.4
Actual
0.2
Consensus
0.2
Previous
Median Absolute Error
±0.39 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0
Actual: 0.4
Error: -0.4
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.70 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.64 | CRYPTO | Moves against | → View |
| XAU/USD | ▲ Direct | +0.61 | COMMODITIES | Moves with | → View |
| AAPL | ▼ Inverse | −0.57 | STOCKS | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.37 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Spending MoM (United States) was reported at 0.4% in June 2026. This beat the market consensus of 0.2% by 0.2%. The reading rose from the previous value of 0.2%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.02%, ranging from -0.4% to 0.4% across 6 releases.
WHY IT MATTERS
The trailing three releases averaged 0.13%, up from the prior three at -0.1%. Volatility over the past year (σ 0.3%) is lower than the prior year (σ 0.38%). In June readings over the past 3 years, Construction Spending MoM has averaged -0.03%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.39%.
WHAT TO WATCH NEXT
The next release is scheduled for August 3, 2026. Same-country events in the next 14 days include Employment Cost Index QoQ (Jul 31) and Employment Cost - Wages QoQ (Jul 31).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Construction Spending MoM - US
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About Construction Spending MoM — United States
DEFINITION
Construction Spending MoM is a financial indicator that measures the month-over-month change in the total amount of money spent on construction projects in a given country. This indicator provides valuable insights into the health of the construction industry and the overall economy, as increased spending on construction typically indicates growth and investment. It is closely monitored by economists, investors, and policymakers as a key measure of economic activity and future trends.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.4 %, consensus 0.2 %. Prior reading (Mar 2026): -0.2 %. Before that (Jan 2026): -0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bearish GBP, r=-0.70) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Wednesday, July 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:30 | US | EIA Crude Oil Stocks Change | -7.167 | 2.011 | -1.3 | -4.23 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 0.007 | 0.765 | -0.7 | -0.35 | Medium |
| 14:30 | US | EIA Distillate Stocks Change | 1.062 | 1.395 | 0.2 | 0.63 | Low |
| 18:00 | US | Fed Interest Rate Decision | 3.75 | 3.75 | 3.75 | 3.75 | High |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Personal Income MoM | 0.2 | 0.7 | 0.3 | 0.35 | High |
| 12:30 | US | PCE Price Index MoM | -0.1 | 0.5 | -0.1 | -0.10 | Medium |
| 12:30 | US | PCE Prices QoQ | 5.1 | 4.6 | 4 | 4.63 | Low |
| 12:30 | US | Initial Jobless Claims | 197 | 188 | 200 | 192.75 | Medium |
| 12:30 | US | Real Consumer Spending QoQ | 3.2 | 0.5 | 0.4 | 0.85 | Low |
| 12:30 | US | PCE Price Index YoY | 3.7 | 4.1 | 3.7 | 3.70 | Medium |
| 12:30 | US | GDP Growth Rate QoQ | 1.5 | 2.1 | 2.1 | 1.88 | High |
| 12:30 | US | Continuing Jobless Claims | 1782 | 1789 | 1800 | 1786.75 | Low |
| 12:30 | US | Gross Domestic Product QoQ | 1.5 | 2.1 | 2.1 | 1.90 | High |
| 12:30 | US | Jobless Claims 4-Week Average | 202.75 | 207.75 | 210 | 205.06 | Low |
| 12:30 | US | Core PCE Price Index MoM | 0.1 | 0.3 | 0.2 | 0.18 | High |
| 12:30 | US | GDP Sales QoQ | 2.2 | 1.9 | 1.4 | 1.82 | Low |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.4 | 3.3 | 3.30 | Low |
| 12:30 | US | Core PCE Prices QoQ | 3.4 | 4.4 | 3.5 | 3.52 | Low |
| 12:30 | US | GDP Price Index QoQ | 6.3 | 3.6 | 3.6 | 4.45 | Medium |
| 12:30 | US | Personal Spending MoM | 0.4 | 0.4 | 0.2 | 0.25 | Low |