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Construction


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March 3, 2026

Nonresidential spending drops

By JOURNAL STAFF

WASHINGTON, D.C. — Nonresidential construction spending fell 0.6% in December, totaling $1.24 trillion on a seasonally adjusted annualized basis, according to an Associated Builders and Contractors analysis of data published last week by the U.S. Census Bureau.

The decline was driven primarily by a sharp pullback in manufacturing construction, which is now nearly 16% below its August 2024 peak, alongside broad weakness across eight of 11 private nonresidential subsegments.


 
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