The U.S. Census Bureau announced the following value put in place construction statistics for May 2017:
Total ConstructionConstruction spending during May 2017 was estimated at a seasonally adjusted annual rate of $1,230.1 billion, nearly the same as (±2.5 percent) the revised April estimate of $1,230.4 billion. The May figure is 4.5 percent (±2.5 percent) above the May 2016 estimate of $1,177.0 billion. During the first 5 months of this year, construction spending amounted to $469.2 billion, 6.1 percent (±1.3 percent) above the $442.4 billion for the same period in 2016.
Private ConstructionSpending on private construction was at a seasonally adjusted annual rate of $943.2 billion, 0.6 percent (± 0.7 percent)* below the revised April estimate of $949.3 billion. Residential construction was