Why construction stocks are like honey for the bear market
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
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Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
An analysis of Producer Price Index data by the Associated Builders and Contractors indicates that even if inflation has peaked, costs will likely remain high.
National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
An industry group suggests a recession could be around the corner.
National nonresidential construction spending was down 0.8 percent in March, 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 $839.2 billion for the month. On a year-over-year basis, nonresidential construction spending is up 5.6 percent, led by 31.9 percent growth in construction related to manufacturing.