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Value of New Construction Sees Nice Boost in May

Construction overall is up 4.5% to $1,309.5 billion.

Construction spending during May 2018 was estimated at a seasonally adjusted annual rate of $1,309.5 billion, +0.4% above the revised April estimate of $1,304.5 billion, according to the U.S. Department of Commerce. The May figure is +4.5% above the May 2017 estimate of $1,253.6 billion. During the first five months of this year, construction spending amounted to $497.1 billion, +4.3% above the $476.7 billion for the same period in 2017.

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