Items Tagged with 'Construction Spending'

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