May Nonresidential Construction Spending up Compared to 2018 Level

Among the 16 nonresidential construction spending categories tracked by the Census Bureau, five experienced increases in monthly spending, including transportation (4%), communication (1.3%) and public safety (1.2%). Religious (-5.5%), commercial (-3.3%), and highway and street (-3.4%) experienced the largest monthly decreases, although highway and street spending remained up 17.1% compared to May 2018. Total construction spending is down 2.3% compared to the same time last year, and residential spending is down sharply. Read more here.

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