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May Construction Spending Maintains Record Levels

Thu, July 01, 2021 1:14 PM | Anonymous member (Administrator)

According to the U.S. Census Bureau construction spending during May 2021 was estimated at a seasonally adjusted annual rate of $1,545.3 billion, 0.3 percent below the upward revised April estimate of $1,549.5 billion (much of the increases in May were offset by the large positive adjustment to April’s numbers). The May figure is a significant 7.5 percent above the shutdown affected May 2020 estimate of $1,437.7 billion. During the first five months of this year, construction spending amounted to $594.8 billion, 4.6 percent above the $568.5 billion for the same period in 2020. 

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