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. Read More …
Nonresidential Construction Spending Slips Modestly in May, Says ABC
According to a recent Associated Builders and Contractors analysis of U.S. Census Bureau data, national nonresidential construction spending declined 0.9% in May, totaling $788.5 billion on a seasonally adjusted annualized basis and a 4.4% increase compared to the same time last year. Read More …
Projections Reveal Nonresidential Construction Spending to Grow
Spending on nonresidential buildings nationally increased only modestly last year, barely outpacing inflation in building costs. Halfway through the seventh year of continuous growth for the cyclical construction industry, 2018 might have looked to be the year that the industry would enter another recession. However, when polled at the beginning of this year, Read More …
Hoar Construction Earns National Awards from ABC
HOUSTON, Texas — Associated Builders and Contractors presented Pyramid awards to Hoar Construction for the firm’s work on recent construction projects, including NEA Baptist Memorial Hospital and Clinic in Jonesboro, Arkansas (Mega Projects category). Read More …