National nonresidential construction spending decreased .1% in April, 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 $1.248 trillion. Spending was down on a monthly basis in 6 of the 16 nonresidential subcategories. Private nonresidential spending was down .5%, while public nonresidential construction spending was up .5% in April. “Construction spending slipped in April as headwinds like trade policy uncertainty, high interest rates and tight lending standards continued to batter industrywide momentum,” said ABC Chief Economist Anirban Basu. “Nearly 22% of contractors reported tariff-related … Read more

National nonresidential construction spending increased .3% in February, 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 roughly $1.2 trillion. Spending was up on a monthly basis in 9 of the 16 nonresidential subcategories. Private nonresidential spending increased .4%, while public nonresidential construction spending was up .2% in February. “Nonresidential spending rebounded in February, rising to the highest level on record,” said ABC Chief Economist Anirban Basu. “A surge in highway and street spending accounted for more than 40% of the monthly increase, and … Read more