National nonresidential construction spending declined 0.9% in May, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $812.5 billion for the month. Private nonresidential spending declined […]
For the second consecutive month, total construction spending pulled back in August. The loss of spending momentum was broad based with lower readings in residential, nonresidential and public spending.
Following a downwardly revised 0.3 percent decline in July, construction […]
Nonresidential construction spending dipped 1 percent in June and has now contracted for three consecutive months according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending, which totaled $682 billion on a […]
“Interpreting January construction statistics is always tricky because the seasonal adjustments can never precisely reflect the impact of any given winter or weather system”—ABC Chief Economist Anirban Basu.
Nonresidential construction spending fell 2 percent in January, which is the largest setback […]