US construction spending ticks up 0.1pc in May

1st Jul 2026 15:04

(Sharecast News) - US construction spending edged higher in May, rising 0.1% to an annualised $2.21trn, according to Census Bureau data published on Wednesday.

The total remained 1.5% below the level seen a year earlier, with spending over the first five months of 2026 down 2.7% on the same period in 2025.

Private‑sector construction was broadly unchanged at $1.67trn, with residential spending ticking up 0.3% to $930.2bn and non‑residential activity slipping 0.3% to $738.7bn.

Public construction rose 0.5% to $541.2bn, with educational projects increasing 0.6% to $113.4bn, and highway spending also climbing 0.6% to $150.6bn.

Reporting by Iain Gilbert at Sharecast.com