Nonresidential Construction Spending Falls in April, Says ABC
National nonresidential construction spending was down 0.4% in April, according to an Associated Builders and Contractors’ analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $844.4 billion for the month. Despite the monthly setback, nonresidential construction spending is up 6.6% from a year ago.
Spending was down on a monthly basis in 12 of the 16 nonresidential subcategories. Private nonresidential spending was down 0.2%, while public nonresidential construction spending was down 0.7% in April. Spending in the residential category retained momentum in April, rising 0.9% for the month and 18.2% since April 2021.
Posted June 1, 2022
More Articles:
- ABC Honors Skanska as 2024 Top Performing Contractor in Healthcare Market Sector
- ABC: Nonresidential Construction Spending Inches Higher, up 20% Over the Past Year
- ABC Construction Backlog Indicator Falls for Small Contractors, Increases for Large Contractors
- ABC: Monthly Construction Input Prices Increase Slightly
Upcoming Events
- IFMA’s Facility Fusion Conference & Expo
May 5, 2024 – May 7, 2024 - ASHE Academy 2024
May 6, 2024 – May 10, 2024 - World Conference on Quality & Improvement
May 12, 2024 – May 15, 2024 - ACEC Annual Convention & Legislative Summit 2024
May 13, 2024 – May 16, 2024 - 2024 Annual Clinical & Scientific Meeting
May 17, 2024 – May 19, 2024 - CleanMed 2024
May 21, 2024 – May 23, 2024 - Hospital, Outpatient Facilities & Medical Office Buildings Summit
May 22, 2024 – May 22, 2024