Construction spending increased 0.8 percent in May to a seasonally adjusted annual rate (SAAR) of $1,035.8 billion. April spending was revised up from $1,006.1 billion to $1,027.0 billion. Construction spending during the first five months of 2015 amounted to $382.1 billion, 5.9 percent higher than in the first 5 months of 2014.

Construction spending increased 2.2 percent in April to a seasonally adjusted annual rate (SAAR) of $1 trillion. March spending was revised up from $967.2 billion to $984.0 billion.

Construction spending declined 0.6 percent in March to a seasonally adjusted annual rate (SAAR) of $966.6 billion.