New Construction Spending May 2022

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On July 1, 2021, the U.S. Census Bureau reported nationwide construction spending lower 0.1% to $1,779.8 billion in May of 2022 from $1,782,5 billion April of 2022, but rose 9.7% from $1,621.9 billion in May of 2021.

Nationwide private construction almost the same 0.0% to $1,436.0 billion in May of 2022 from $1,435.9 billion in April of 2022.

Residential construction increased 0.2% of $938.2 billion in May of 2022 from $935.9 billion April of 2022.

Non residential construction declined 0.4% to $497.8 billion in May of 2022 from $499.9 billion in April of 2022.

The public construction fell 0.8% to $343.8 billion in May of 2022 from $346.6 billion in April of 2022.

The educational construction dropped 0.4% to $78.4 billion in May of 2022 from $78.7 billion in April of 2022.

The highway construction decreased 2.3% to $98.1 billion in May of 2022 from $100.4 billion in April of 2022.

For complete more detailed information about the U.S. Census Bureau on monthly construction spending in May of 2022, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (8)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning John. Must say that as I write this and looking out my window I see several Chicago Steel cranes moving around. Construction of office and apartments brisk near the downtown Chicago area. Enjoy your day.

Jul 05, 2022 06:09 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning John -  there is some construction of commercial value going on in parts of Westchester County.

Jul 05, 2022 06:41 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello John and thank you for the great information to share with us here in the Rain.  Make it a great day!

 

 

Jul 05, 2022 08:17 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Wayne Martin great to know you see several Chicago Steel cranes moving around. Construction of office and apartments brisk near the downtown Chicago area. There are a lot of new development opportunity in Chicago Downtown. I enjoyed Chicago Downtown! Enjoy your day too. Thanks for the comment.

Jul 05, 2022 04:58 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Grant Schneider great to know there is some construction of commercial value going on in parts of Westchester County. Thanks for the comment.

Jul 05, 2022 05:00 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Will Hamm you are welcome, and glad you find the report very informative to share with everyone here in the Rain. Thank you, and make it a great day too! Thanks for the comment.

Jul 05, 2022 05:02 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your day!

Jul 06, 2022 06:39 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® you are welcome, and glad you find the report very informative. Enjoy your day too! Thanks for the comment.

Jul 06, 2022 04:36 PM