In a new analysis of U.S. Census Bureau data by the Associated Builders and Contractors, national nonresidential construction spending decreased 0.3% in April to a seasonally adjusted total of $1.20 trillion. It follows March s slight increase of 0.2%. Spending fell on a monthly basis in 10 of the.
Led by Energy, Construction Materials Prices Surge in April
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The average U S contractor has 8 4 months worth of construction work in the pipeline, as of April 2024
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