Nonresidential Construction Spending Continues To Decline In May, Even Compared To The Early Pandemic, Amid Supply Chain & Labor Challenges

Construction Officials Urge Federal Officials to Allow Unemployment Supplements to Expire, Take Steps to address Supply-Chain Backups and Remove Tariffs on Key Materials so Firms can Perform More Work Overall construction spending declined in May compared to the prior month, driven by continued drops in non-residential construction activity as firms...