Nonresidential Construction Spending Down in January 2013

Source: Associated Builders and Contractors Inc.
Created: March 4, 2013

Private nonresidential spending fell 5.1% for the month while public nonresidential construction spending fell 1% in January

"The bottom line is that residential construction is positioned for continued expansion while nonresidential construction will continue to limp along," says ABC Chief Economist Anirban Basu.
"The bottom line is that residential construction is positioned for continued expansion while nonresidential construction will continue to limp along," says ABC Chief Economist Anirban Basu.

“This is not to suggest that there aren’t still bright spots in the U.S. economy,” said Basu. “Several financial markets have been flirting with all-time highs and the housing sector appears to be in the midst of a period of sustained recovery.

“The bottom line is that residential construction is positioned for continued expansion while nonresidential construction will continue to limp along,” said Basu.

View the December spending report.