Steel Markets
February 4, 2020
Construction Spending Declines in December
Written by Sandy Williams
Construction spending slowed in December, but contractors remain optimistic about new projects for 2020.
Construction spending dipped 0.2 percent from November to December due to a decline in nonresidential project spending. A 1.4 percent jump in private residential spending, supported by a 2.7 percent increase in single-family home construction, failed to offset a decline in nonresidential spending in December, said the Associated General Contractors of America in an analysis of newly released data.
