AGC: Construction Spending Flat in August

Total construction spending was flat for a second consecutive month in August, as a decrease in nonresidential projects offset continuing gains in residential construction, reported the Associated General Contractors of America (AGC).

Spending on infrastructure year-to-date declined when compared to the same year-ago period, leading the AGC to urge the House of Representatives to promptly approve the bipartisan infrastructure bill.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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