Home Business U.S. Construction Spending Slows in May

U.S. Construction Spending Slows in May

by Sonia Park
0 comment
U.S. Construction Spending Slows in May

New government figures reveal that construction spending in the United States dipped slightly in May, surprising industry experts who had anticipated a modest increase. The total spending on construction decreased by 0.1% to an annual rate of just over $2 trillion.

This decline marks a shift from previous trends and has raised concerns among analysts. Private residential construction, in particular, saw a more pronounced drop of 0.2%. Builders across the nation are scaling back projects in response to persistently high interest rates, which have increased the cost of financing new developments and dampened demand for new housing.

The. . .

You have exceeded the number of free content views. To continue viewing exclusive JudgeNap content,  you'll need a subscription. Please choose your subscription plan here.

Already a member?  Login here.

You may also like

Our Company

Judge Andrew P. Napolitano – Judging Freedom – JudgeNap.com


Subscribe to the Judging Freedom Newsletter and stay updated!

Laest News

@2023 – All Right Reserved. Designed and Developed by:

 Christopher Leonard – OMG Media Partners, LLC.

Update Required Flash plugin

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.