May 2009 Construction at $964.0 Billion Annual Rate

During the first five months of this year, construction spending amounted to $368.8 billion, 11.7 percent below the $417.5 billion for the same period in 2008. – Courtesy of www.nycustomhomes.com

Construction spending during May was estimated at a seasonally adjusted annual rate of $964.0 billion, 0.9 percent below the revised April estimate of $972.5 billion. If you have a landscape contracting business you may need to invest more time in the maintenance versus installation side. The May figure is 11.6 percent (±1.6%) below the May 2008 estimate of $1,090.7 billion. – Courtesy of U.S. Census Bureau