nonresidential construction

Nonresidential Construction Spending Remains Flat in October While Residential Construction Expands as Many Commercial Projects Languish

by Helen Johnson on December 1, 2020

The construction industry’s fortunes continued to diverge in October, as residential construction expanded again while nonresidential construction remained largely unchanged from a month ago and is down compared to last year, according to an analysis of new federal construction spending data by the Associated General Contractors of America. Association officials said that demand for nonresidential…

ABC Economist on Economic Recovery for Nonresidential Construction

by ABC on May 19, 2020

WASHINGTON, May 15, 2020 —Associated Builders and Contractors Chief Economist Anirban Basu warned the economic recovery following the COVID-19 outbreak would be quite different for the nonresidential construction industry compared to previous recessions, according to an economic outlook published in Construction Executive magazine. Normally, construction backlog, which stood at 8.2 months in February, according to ABC’s…