The U.S. government is reporting that total construction spending in May was at a seasonally adjusted annual rate of $1,356.4 billion, which is 2.1% lower than April’s revised estimate. However, May’s figure was 0.3% higher than May, 2019. Residential construction was at a seasonally adjusted annual rate of $535.9 billion in May, which is 4% lower than April’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
