Private Construction Moves Up

Spending on private construction was at a seasonally adjusted annual rate of $649.2 billion, 1.0 percent below the revised April estimate of $655.6 billion. - Courtesy of Axe Inc. Technologies

Nonresidential construction was at a seasonally adjusted annual rate of $409.0 billion in May, 0.5 percent above the revised April estimate of $406.9 billion. This is the one sector in the private construction industry that showed improvement, so look for commercial or industrial projects.

Residential construction was at a seasonally adjusted annual rate of $240.2 billion in May, 3.4 percent below the revised April estimate of $248.8 billion. – Courtesy of U.S. Census Bureau