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.

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish