National nonresidential construction spending fell 0.6% in November 2020, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $792.5 billion for the month. Ten of the sixteen nonresidential subcategories saw decreased spending on a monthly basis. Private nonresidential spending fell 0.8%, while public nonresidential spending fell 0.2% in November. “Typically, spending patterns in nonresidential construction lag behind those of the overall!
The post Nonresidential construction spending declines in November, says ABC appeared first on AZ Big Media.