An analysis of U.S. Census Bureau data from the Associated Builders and Contractors (ABC) has shown nonresidential construction spending to have increased moderately by 0.2% in March. It follows February s decline of 1.0%. On a seasonally adjusted annualized basis, nonresidential spending now.
March Construction Job Openings Show Volatility, Decreasing by 182,000 contractormag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from contractormag.com Daily Mail and Mail on Sunday newspapers.
Nonresidential Construction Spending Rebounds in March contractormag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from contractormag.com Daily Mail and Mail on Sunday newspapers.
National nonresidential construction spending increased 0.2% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.19 trillion.
Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 8.4 months in January, according to an ABC member survey conducted from Jan. 22 to Feb. 4. The reading is down 0.6 months from January 2023.