• Commerce Department figures showed a 0.9% increase in U.S. construction spending for May.
• The total value of construction projects in the report hit $830 billion at an annual rate, which is the highest that total has been since December 2009.
• Private construction spending was up 1.6% in May, while homebuilding outlays were up 3%.

From the article:

Construction spending in the U.S. increased in May to the highest level in more than two years, held up by improvement in the housing market.

The 0.9 percent climb followed a 0.6 percent increase in April that was bigger than previously estimated, Commerce Department figures showed today in Washington. ...