U.S. Construction Spending Dips Slightly in May

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The U.S. government is reporting that total construction spending in May was estimated at a seasonally adjusted annual rate of $1,293.9 billion, which was 0.8% below April’s revised rate.  Residential construction was at a seasonally adjusted annual rate of $498.9 billion in April, 0.6% below April’s revised estimate.

Click here to read the full release at Census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association