WASHINGTON, D.C. – Nonresidential construction spending expanded .5 percent in August, totaling $691.8 billion on a seasonally adjusted, annualized basis, according to an analysis of data from the U.S. Census Bureau by Associated Builders and Contractors. Though this represents an improvement from July’s total ($688.2 billion), nonresidential spending remains 3.4 percent below its year-ago level and is down 3.8 percent from the cyclical peak attained in May 2017. Spending levels expanded in 10 of the 16 nonresidential construction subsectors in August on a monthly basis. The manufacturing subsector experienced the largest absolute monthly decline (-$2.6 billion) and the greatest year-over-year … Read more