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Home » Construction Spending Declines 0.5 Percent In March With Downturns In All Major Public And Private Nonresidential Categories
Economics

Construction Spending Declines 0.5 Percent In March With Downturns In All Major Public And Private Nonresidential Categories

May 1, 2025Updated:May 20, 2025No Comments1 Min Read
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Construction spending decreased 0.5 percent from February to March with a pullback in all of the largest nonresidential public and private project types, according to an analysis by the Associated General Contractors of America of a new government report. Association officials noted that the decline in construction activity comes amid growing uncertainty about the impacts tariffs and trade disputes would have on materials prices and overall demand for new projects.

“Construction spending retreated in March, as media reports and corporate announcements suggest owners are hesitant to start new projects in light of uncertainty over tariffs, government funding, and other policy upheavals,” said, Ken Simonson, chief economist of the Associated General Contractors of America. “Spending has slowed over the past year and as current projects wind down, there may be several months of declining construction activity.”

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AGC Home Building Construction Data Construction Spending Federal/Heavy Highway Infrastructure Utility
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Latest News

Construction Jobs Increase In 184 Metro Areas Between April 2024 And April 2025

May 28, 2025

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May 27, 2025

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