Nonresidential Construction Spending Plummets 6.9 Percent in January

On March 1, 2011, ABC posted an article on its web-site about Construction activity in January 2011.

Here’s the “summary” from that article:

Summary

In a further sign that the nation’s builders continue to struggle after the recession, private nonresidential construction spending fell 6.9 percent in January, according to the March 1 report by the U.S. Commerce Department. Year-over-year, private nonresidential construction spending is down 13.2 percent. Total nonresidential construction spending – which includes both privately and publicly financed construction – was down 3.3 percent in January and 5.3 percent lower from the same time last year, and now stands at $536.7 billion (see graph below).

Here’s a link to the full article on Associated Builders and Contractors (ABC’s) web-site:

http://www.abc.org/Hot_Links/ConstructionEconomicsIndex/Spending_March_2011.aspx