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Nonresidential construction spending declined in April: AGC
June 6th, 2022
Image by LEEROY Agency from Pixabay Spending on nonresidential construction projects declined for the second month in a row in April as contractors coped with an all-time high for job openings, according to an analysis by the Associated General Contractors of America of federal spending data. Workforce shortages are suppressing the amount of construction activity […]
U.S. construction spending at record high for 2018
March 5th, 2019
The Department of Commerce announced March 4 that U.S. construction spending reached a record level in 2018, rising 4.1% to $1.3 trillion, beating the previous record high of $1.16 trillion set in 2006. Despite the record high, the percentage increase was the lowest since 2011. Public construction fell 0.6 percent, a drop fueled by a […]