ABC: February’s construction spending decline indicates what’s to come

National nonresidential construction spending fell 1.8% in February, but is up 2.5% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $795.1 billion for the month.

Private nonresidential spending declined 2% on a monthly basis and is down 0.7% compared to February 2019. Public nonresidential construction spending was down 1.5% for the month, but is up 7.2% on a year-over-year basis.

Read more in the link below.

Back to Demolition Insights Home