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April 3, 2024

Fading demand or bad weather? Construction spending dips again

By BENJAMIN MINNICK
Construction Editor

Chart from ABC [enlarge]
After peaking in December, nonresidential construction spending has dropped for the past two months.

National nonresidential construction spending dropped 1.0% in February on the heels of shedding nearly 0.5% in January, according to new data from the U.S. Census Bureau.


 
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