Boston Real Estate Investors Association

Construction spending in the U.S. experienced a modest decrease in May.

According to a report from the U.S. government, total construction spending in May 2024 reached a seasonally adjusted annual rate of $2,139.8 billion, marking a 0.1% decrease from the revised April figure. However, the revised estimate for May shows a 6.4% increase compared to the previous year. Residential construction was at a seasonally adjusted annual rate of $918.2 billion in May, down 0.2% from April’s revised estimate.

For more details, you can access the full report from the U.S. Census Bureau by clicking here.

The original article can be found here on Real Estate Investing Today.

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