Associated General Contractors of America Nevada Chapter
Recent News About Associated General Contractors of America Nevada Chapter
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Construction spending drops slightly despite increase since last year
Construction spending declined by 0.1 percent between April and May to a seasonally adjusted rate of $2.139 trillion, amid declines in demand for a range of nonresidential and residential construction projects. However, construction spending levels are up 6.4 percent compared to May 2023, according to an analysis by the Associated General Contractors of America released today of new federal data. Association officials noted that public construction demand was up 0.5 percent for the month, helping offset declines in other types of activity.