Construction spending rose slightly from November to December thanks to growing demand for single-family houses and data centers, according to an analysis of a new government report that the Associated General Contractors of America released today. Association officials noted, however, that a flurry of recently announced tariffs during the weekend and today could impact future construction spending.
“Despite declines in a few segments, construction demand remains relatively strong,” said Jeffrey Shoaf, the chief executive officer of the Associated General Contractors of America. “But increasing the cost of a range of construction materials will prompt contractors to raise bid prices, potentially undermining future demand for projects.”
Read more.