The U.S. Census Bureau: Construction Spending Retreats 0.8% In May

Construction spending fell 0.8% in May to a seasonally adjusted annual rate of $1.29 trillion, the first drop in six months, the Census Bureau said. That’s down 2.3% from the May 2018 estimate of $1.32 billion. Outlays for private residential construction fell for the fifth straight month.

3d rendering of a row of luxury townhouses along a street

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