Log in

Construction Spending Showing Signs of Stress in May

Fri, July 01, 2022 12:33 PM | Anonymous member (Administrator)

The U.S. Census Bureau announced the value put in place construction statistics for May 2022 was estimated at a seasonally adjusted annual rate of $1,779.8 billion, 0.1 percent below the revised April estimate of $1,782.5 billion. The May figure is 9.7 percent above the May 2021 estimate of $1,621.9 billion. During the first five months of this year, construction spending amounted to $686.9 billion, 11.0 percent above the $619.0 billion for the same period in 2021. The only market segment still expanding is isolated to residential construction, the rest are waning.  READ MORE....


Construction Industry Round Table (CIRT)  ·  8115 Old Dominion Dr., Suite 210  McLean, VA  22102-2325  · (202) 466.6777  ·  cirt@cirt.org  · Legal Notices
Copyright 2018 · All Rights Reserved.

Powered by Wild Apricot Membership Software