WASHINGTON (March 1, 2023) — National nonresidential construction spending increased by 0.3% in January, according to an Associated Builders and Contractors (ABC) analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $968.7 billion for the month.

 

HAMILTON, NJ (Feb. 22, 2023) — Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%.