Construction spending in February increased 6.0 percent from February 2019, with year-over-year gains in both residential and nonresidential outlays, according to a new analysis of federal data released today by the Associated General Contractors of America. Association officials cautioned that their latest survey shows conditions for contractors have deteriorated rapidly since February....
February Rise In Construction Outlays Contrasts With Pandemic-driven Collapse In March As Owners, Government Orders Shut Down Projects
Survey Finds Contractors Face Shortages of Materials and Workers, Delivery Delays and Cancellations; Association Officials Urge Additional Measures to Help Workers, Firms and the Economy to Recover
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