Articles Tagged with ''Construction Spending''

Continued economic uncertainty is a catalyst for the decline in spending, industry economists say.

Slowed spending is expected to continue in the coming months, industry economists say.

Lingering issues and new cost worries pose risks.

Residential and non-residential spending both increased, but concerns regarding interest rates and tariff implications persist.

Non-residential spending rose slightly, but experts predict overall spending to continue to decline.

The value of nonresidential construction put in place in February totaled a seasonally adjusted $1.03 billion, according to the U.S. Census Bureau.

Anirban Basu, chief construction economist for Marcum LLP, warns that an "overheated" economy may impact some industry segments this year.

Thanks to a burst of late June activity by the House Appropriations Committee, the first batch of fiscal year 2023 spending bills was nearing a House floor vote by the week of July 18.

Nonresidential spending fell 0.8% in March, ABC analysis of U.S. Census Bureau data shows.

Spending in the nonresidential sector has been falling for several months, says ABC