National nonresidential construction spending decreased .2% in July, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. Private nonresidential spending decreased .4%, while public nonresidential construction spending was up .2% in July. “Nonresidential construction spending declined for the second consecutive month in July but remains just .4% below the all-time high established in May,” said ABC Chief Economist Anirban Basu. “While Hurricane Beryl, which interrupted construction activity along … Read more