Tag: plummets

Dive Brief: Nonresidential construction spending fell 0.5% in March to a seasonally adjusted annual rate of $1.25 trillion, retreating from February’s record-setting high, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Thursday. Spending declined in 11 of the 16 nonresidential subcategories, with private nonresidential construction dropping 0.8% and public…