Confidence still high as US non-residential construction dips in February

Mitchell Keller Managing Editor, American Cranes & Transport

03 April 2024

The US-based Associated Builders and Contractors (ABC) released a report analysing data from the US Census Bureau, which found non-residential spending took a dip in 15 of 16 tracked subcategories from January to February, but year-over-year numbers remain elevated.

National non-residential construction spending declined 1% last month, said ABC. On a seasonally adjusted annualized basis, non-residential spending totalled US$1.18 trillion.

Private non-residential spending fell 0.9%, while public non-residential construction spending was down 1.2% in February.

“Virtually every non-residential construction segment experienced a decline in spending in February,” confirmed ABC…

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