The 2020 Mid-Year Economic Update_long

May Construction Spending Up Slightly

The U.S. Census Bureau of the Department of Commerce announced that construction spending during May 2007 was estimated at a seasonally adjusted annual rate of $1,176.6 billion, 0.9 percent above the revised April estimate. The May figure is 2.8 percent (& plusmn; 2.2%) below the May 2006 estimate of $1,210.0 billion.
&nbsp ;
During the first five months of this year, construction spending amounted to $442.1 billion, 3.9 percent (& plusmn; 1.8%) below the $460.1 billion for the same period in 2006.
&nbsp ;
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $892.1 billion, 0.5 percent above the revised April estimate of $887.6 billion. Residential construction was at a seasonally adjusted annual rate of $549.0 billion ...

The U.S. Census Bureau of the Department of Commerce announced that construction spending during May 2007 was estimated at a seasonally adjusted annual rate of $1,176.6 billion, 0.9 percent above the revised April estimate. The May figure is 2.8 percent (& plusmn; 2.2%) below the May 2006 estimate of $1,210.0 billion.
&nbsp ;
During the first five months of this year, construction spending amounted to $442.1 billion, 3.9 percent (& plusmn; 1.8%) below the $460.1 billion for the same period in 2006.
&nbsp ;
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $892.1 billion, 0.5 percent above the revised April estimate of $887.6 billion. Residential construction was at a seasonally adjusted annual rate of $549.0 billion in May, 0.8 percent (& plusmn; 1.3%)* below the revised April estimate of $553.6 billion. Nonresidential construction was at a seasonally adjusted annual rate of $343.1 billion in May, 2.7 percent (& plusmn; 1.3%) above the revised April estimate of $334.1 billion.
&nbsp ;
Public Construction
In May, the estimated seasonally adjusted annual rate of public construction spending was $284.5 billion, 2.2 percent above the revised April estimate of $278.3 billion. Educational construction was at a seasonally adjusted annual rate of $79.7 billion, 0.7 percent above the revised April estimate of $79.1 billion. Highway construction was at a seasonally adjusted annual rate of $76.4 billion, 0.5 percent above the revised April estimate of $76.0 billion.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.