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Electrical Market Data
construction cranes (Photo by Joe Raedle/Getty Images)

Value of New Construction Drops -1.1% in May But is Tracking +6.1% Year-Over-Year

Construction spending during June 2018 was estimated at a seasonally adjusted annual rate of $1,317.2 billion, -1.1% below the revised May estimate of $1,332.2 billion. The June figure from the U.S. Census Bureau is +6.1% above the June 2017 estimate of $1,241.3 billion. During the first six months of this year, construction spending amounted to $619.9 billion, +5.1% $589.6 billion for the same period in 2017.

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