Marc Strickland, CEBS, CSFS’ Post

Public sector investment drives growth in nonresidential construction spending, up 0.2% in March to $1.19 trillion annual rate. Strong demand in manufacturing and public projects bodes well for contractors' backlog.

Public sector investment drives growth in nonresidential construction spending, up 0.2% in March to $1.19 trillion annual rate. Strong demand in manufacturing and public projects bodes well for contractors' backlog.

Public sector investment drives growth in nonresidential construction spending, up 0.2% in March to $1.19 trillion annual rate. Strong demand in manufacturing and public projects bodes well for contractors' backlog.

Public sector investment drives growth in nonresidential construction spending, up 0.2% in March to $1.19 trillion annual rate. Strong demand in manufacturing and public projects bodes well for contractors' backlog.

Check out the latest data: Nonresidential construction spending increased by 0.2% in March, hitting a $1.19 trillion annual rate. The rise is fueled by public construction spending. With ongoing strength in both public and manufacturing categories, contractors are enjoying a healthy backlog.

Check out the latest data: Nonresidential construction spending increased by 0.2% in March, hitting a $1.19 trillion annual rate. The rise is fueled by public construction spending. With ongoing strength in both public and manufacturing categories, contractors are enjoying a healthy backlog.

Non-Residential Construction Spending Up It is hard to get a read of exactly where the construction economy is going. We know that public spending has bolstered many categories. That helps. New manufacturing is also continuing to grow thanks in part to government support. It is also true that private projects have been impacted by high interest rates and many projects are waiting for better financing. These are no doubt some of the factors impacting rate cuts. We also would be curious what the stable rate of residential construction would be. We've had a housing crisis in this country for a long time. Demand is there. Supply is not. For general contractors, the work has been steady and is not overtaxing labor markets or supply chains. If we could just manage to maintain this stability as we ease off infrastructure and manufacturing, that would be a pretty impressive soft landing. https://lnkd.in/gnNTvY9C #construction #economics #building Associated Builders and Contractors

📈Construction Spending on The RIse "Nonresidential construction spending ticked up 0.2% in March to a seasonally adjusted annual rate of $1.19 trillion [...] The rise in March signals a positive shift following two consecutive months of construction spending contraction..." Read the full article ➡️ https://lnkd.in/gucYC5RG #NonResidential #Construction #Maintenance #Economy

Check out the latest data: Nonresidential construction spending increased by 0.2% in March, hitting a $1.19 trillion annual rate. The rise is fueled by public construction spending. With ongoing strength in both public and manufacturing categories, contractors are enjoying a healthy backlog.

Check out the latest data: Nonresidential construction spending increased by 0.2% in March, hitting a $1.19 trillion annual rate. The rise is fueled by public construction spending. With ongoing strength in both public and manufacturing categories, contractors are enjoying a healthy backlog.