Nonresidential Spending Falls Slightly in March, But Private Construction Hits a New High, Says ABC
According to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today, national nonresidential construction spending declined 0.3% in March 2019. On a seasonally adjusted, annualized basis, nonresidential spending totaled $775.2 billion for the month, which represents a 4.8% increase compared to the same time last year. Private nonresidential construction spending rose 0.5%…