ENR: US Construction Spending Rose 0.4% in May

Spending on U.S. construction projects edged up 0.4 percent in May, while April’s figure was revised down significantly — signs that new building is still uneven despite a growing economy.

The uptick in May brought total construction spending to a seasonally adjusted all-time high of $1.31 trillion , 4.5 percent higher than a year ago, the Commerce Departments said Monday. April’s figure was revised down to 0.9 percent from what was originally reported as 1.8 percent gain, which would have been the largest increase in 24 years. That came on the heels of 0.9 percent drop in March, the first monthly drop since July of 2017. Read more>

About the Author

Ginny Nolan
Ginny leads the research effort for Morrissey Goodale's executive search team. Her understanding of the AEC industry, combined with her experience in candidate sourcing, helps clients achieve consistent successful strategic hires.

Comments are closed.