Nonresidential Construction Spending Slips 0.3% in April, Remains Near Record High

July 31, 2024
ABC - Construction Executive

WASHINGTON, June 3—National nonresidential construction spending decreased 0.3% in April, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.20 trillion.

Spending was down on a monthly basis in 10 of the 16 nonresidential subcategories. Private nonresidential spending decreased 0.3%, while public nonresidential construction spending was down 0.2% in April.

Reprinted courtesy of ABC, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.



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