Private construction remained largely stagnant, holding at an annualized rate of $1.67 trillion. Within this segment, residential projects saw a slight gain of 0.3%, reaching $930.2 billion. This moderate growth suggests that high interest rates and broader economic pressures continue to dampen the expansion of private building activity.

Public sector investment provided a slight buffer against the overall slowdown, rising 0.5% to reach $541.2 billion. Infrastructure and education projects drove this portion of the data, with school construction climbing to $113.4 billion and highway development reaching $150.6 billion. Both categories posted a 0.6% increase over April figures, highlighting a continued reliance on government-backed projects to sustain momentum in an otherwise sluggish market.