Construction Starts Increase in May

According to Reed Construction Data, construction starts rose 10.2 percent in May, the highest level in almost one year.  Since May normally has a seasonal rise in starts, this increase can be interpreted as a stable continuation of three months of starts.  Commercial building starts largely contributed to the May increase, with a month-to-month increase of 52 percent, a large portion of which were small buildings or renovation projects.  For more on May construction starts, please click here.