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National nonresidential construction spending increased 0.4% in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $982.2 billion for the month, up 16.8% from the previous year.
The price of construction materials rose 1.3% in January 2023 alone, according to new data by Associated Builders and Contractors. In addition to being 1.3% higher than December 2022 figures, the prices are also 4.9% higher than this time last year, the smallest annual increase since January...
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Vendor risk has the power to impact an organization’s reputation, ESG (environmental, social, governance) initiatives, and information security. Similarly, vendors can affect a...
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.