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.
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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.
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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 …
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.
  ;
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.
  ;
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 …
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