USA: Construction Spending Edges Up 0.1%

Construction spending in the US edged up 0.1% month-over-month to a seasonally adjusted annual rate of $2,210.2 billion in May 2026, following a downwardly revised 0.3% rise in April and compared to forecasts of a 0.2% gain. Residential spending went up 0.4% while nonresidential flattened. Out of nonresidential construction spending, declines were seen in manufacturing (-1.4%), power (-0.2%) and commercial (-0.3%), offsetting gains in office (0.2%), educational (0.3%) and highway and street (0.6%). During the first five months of this year, construction spending amounted to $858.4 billion, up 2.7%.