Home > News > Industry News > U.S. Construction Spending at Highest Level since September 2009

U.S. Construction Spending at Highest Level since September 2009

Post Time:Jul 08,2013Classify:Industry NewsView:37

The Commerce Department announced July 1 that total U.S. construction spending rose 0.5 percent in May, compared to the previous month, according to a same-day article in the Wall Street Journal. Overall construction spending reached a seasonally adjusted annual rate of $874.9 billion, the highest level since September 2009.

Residential construction rose 1.2 percent in the month, and was up 22.7 percent year-over-year. Construction of public buildings was up 1.8 percent for the month, but was down 4.7 percent year-over-year, according to the article.

Read the full article

Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/us-construction-spending-highest-level-september-2009-1311361Author:

Hot News

返回顶部