The U.S. government is reporting that total construction spending in May was at a seasonally adjusted annual rate of $1,545.3 billion, which is 0.3% below April’s revised estimate. However, May’s figure was 7.5% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $751.7 billion in May, which is 0.2% higher than April’s revised estimate.
Click here to read the full report at the U.S. Census Bureau.
