AGC: Data shows construction spending down slightly
The Associated General Contractors of America (AGC) says total construction spending was down a tad in August amid rising interest rates.
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The Associated General Contractors of America (AGC) says total construction spending was down a tad in August amid rising interest rates.
Read MoreThe Associated Builders & Contractors (ABC) says nonresidential construction spending totaled $859.3 billion for the month.
Read MoreThe Dodge Construction Network index fell 1.2 percent in August, with the commercial component rising 1 percent and the institutional component falling 5.6 percent.
Read MoreThe Dodge Momentum Index grew 2.9 percent in July, with commercial planning gaining 5.5 percent while institutional planning fell 2 percent in the month.
Read MoreThe Associated General Contractors of America (AGC) says rising materials prices and labor shortages are offsetting demand for construction.
Read MoreThe monthly measure of the initial report for nonresidential building projects in planning grew by less than a percentage point in June, moving the index to a 14-year high.
Read MoreNonresidential construction spending was down 0.6 percent in May, according to an Associated Builders & Contractors (ABC) analysis of federal data.
Read MoreThe Dodge Momentum Index increased 6 percent in April, with commercial and institutional building projects leading that growth.
Read MoreThe Associated General Contractors of America (AGC) say while total construction spending is up, nonresidential construction spending is down from February.
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