Tag Archives: Residential Construction Spending

Overall construction spending increased by 3.0 percent year-over-year according to the latest monthly Construction Spending Report released by the U.S. Census Bureau. The report also found a month-over-month ...

Residential construction spending has been trending upwards in recent years, but is that holding true as we wind toward the end of 2017?

While residential construction spending stayed flat from May to June, the overall numbers were not pretty.

Construction spending has increased for six consecutive months this year and amounted to $482.7 billion during this time period.

More money is being put into construction to meet constant demand from consumers. The U.S Census Bureau of the Department of Commerce announced today that construction spending for May reached an estimated amount of $1,035.8 billion, 0.8 percent increase from the revised April figure of $1,027 billion. Residential construction was at a seasonally adjusted annual rate of $359.5 billion in May, 0.3 percent above the revised April estimate of $358.5 billion.