AI Data Insight
According to the latest data, U.S. private manufacturing construction spending fell to $219.22 billion in the fourth quarter of 2025, dropping approximately 5.6% from its 2024 peak. This signals that the historic factory-building boom driven by the CHIPS Act and the Inflation Reduction Act is beginning to cool off. High construction costs, labor shortages, and policy uncertainty have made companies more conservative about new projects, though overall spending remains significantly above pre-pandemic levels.