Construction Activity in May Recedes 1%

Nonresidential building settled back after its improved performance during March and April, and nonbuilding construction (public works and electric utilities) retreated slightly. Residential building edged upward in May, helped by a brisk pace for multifamily housing, according to a report by McGraw-Hill Construction, New York.

During the first five months of 2005, total construction on an unadjusted basis was $241.8 billion, a gain of 2 percent relative to last year’s January-May per

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