{"id":1004182969,"date":"2017-07-05T05:35:35","date_gmt":"2017-07-05T13:35:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004182969"},"modified":"2022-12-08T20:14:57","modified_gmt":"2022-12-09T04:14:57","slug":"economy-watch-construction-spending-flat-in-may","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-flat-in-may\/","title":{"rendered":"Economy Watch: Construction Spending Flat in May"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004182975\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Census-Bureau-construction-spending-0517.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004182975\" data-attachment-id=\"1004182975\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-flat-in-may\/census-bureau-construction-spending-0517\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Census-Bureau-construction-spending-0517.jpg\" data-orig-size=\"504,337\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1499247276&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Census Bureau construction spending 0517\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: U.S. Census Bureau&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Census-Bureau-construction-spending-0517.jpg?w=504\" class=\"wp-image-1004182975\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Census-Bureau-construction-spending-0517.jpg\" alt=\"Source: U.S. Census Bureau\" width=\"400\" height=\"267\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Census-Bureau-construction-spending-0517.jpg 504w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Census-Bureau-construction-spending-0517.jpg?resize=300,201 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004182975\" class=\"wp-caption-text\">Source: U.S. Census Bureau<\/p><\/div>\n<p>U.S. construction spending in May neither grew nor declined compared with April, according to the Census Bureau on Monday. <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-driven-by-residential-construction-spending-enjoys-february-gain\/\">Residential construction<\/a> was down 0.5 percent, but nonresidential construction gained 0.3 percent to balance things out.<\/p>\n<p>Compared with a year ago, total construction still turned in a gain, up 4.5 percent, reported the bureau. Almost all of the annual gain was represented by residential construction spending, which was up 10.9 percent. By contrast, nonresidential construction spending was up only 0.3 percent year-over-year.<\/p>\n<h2>Commercial Concurs<\/h2>\n<p>Spending on office projects increased\u00a0for the month, up 1.6 percent, and spending on health care projects made an improvement\u00a0of 0.6 percent for the month. The Census Bureau category &#8220;commercial,&#8221; which includes industrial space, saw a drop of 0.7 percent for the month, while hotel construction spending edged down 0.3 percent compared with April.<\/p>\n<p>Compared with May 2016, however, all major categories on nonresidential construction enjoyed increased spending. For office projects, spending was up 14.7 percent for the year, and &#8220;commercial&#8221; projects gained 9.1 percent. Spending on health care facilities was up 2.1 percent, and hotels 2.3 percent. Construction spending on manufacturing facilities, however, dropped 10.5 percent for the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Residential construction was up 0.5 percent and non-residential construction was down 0.3 percent, leading total construction to remain flat for the month, according to the U.S. Census Bureau. Compared to May 2016, however, all major nonresidential construction categories enjoyed increased spending.<\/p>\n","protected":false},"author":1023,"featured_media":1004182975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32915],"class_list":["post-1004182969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-united-states-census-bureau"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Construction Spending Flat in May - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-flat-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Construction Spending Flat in May\" \/>\n<meta property=\"og:description\" content=\"Residential construction was up 0.5 percent and non-residential construction was down 0.3 percent, leading total construction to remain flat for the month, according to the U.S. Census Bureau. Compared to May 2016, however, all major nonresidential construction categories enjoyed increased spending.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-construction-spending-flat-in-may\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-05T13:35:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:14:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Census-Bureau-construction-spending-0517.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"504\" \/>\n\t<meta property=\"og:image:height\" content=\"337\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-flat-in-may\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-flat-in-may\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Construction Spending Flat in May\",\"datePublished\":\"2017-07-05T13:35:35+00:00\",\"dateModified\":\"2022-12-09T04:14:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-flat-in-may\\\/\"},\"wordCount\":204,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-flat-in-may\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/07\\\/Census-Bureau-construction-spending-0517.jpg\",\"keywords\":[\"United States Census Bureau\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-flat-in-may\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-construction-spending-flat-in-may\\\/\",\"name\":\"Economy Watch: Construction Spending Flat in May - 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