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August 2, 2022

Nonresidential construction spending falls 0.5% in June

Photo by Benjamin Minnick [enlarge]
Monthly office construction spending for June was up a tad, .2%. A worker sets up a concrete column form for The Jack office building along the Seattle waterfront.

National nonresidential construction spending was down by 0.5% in June, according to an Associated Builders and Contractors analysis of data published Monday by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $829.4 billion for the month.

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