What's Hot

    Goodyear Seeking Developer for Ballpark Village Mixed-Use

    September 10, 2025

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 10, 2025] - Goodyear Seeking Developer for Ballpark Village Mixed-Use
    • [September 9, 2025] - Opus Group Planning 300KSF Industrial Park Near Sky Harbor
    • [September 9, 2025] - Multifamily Development Planned in Tucson’s Miracle Mile
    • [September 9, 2025] - Construction Employment Down for Third Straight Month
    • [September 9, 2025] - Industry Professionals 09-09-25
    • [September 9, 2025] - Commercial Real Estate 09-09-25
    • [September 5, 2025] - Queen Creek Unified Seeks Funding for Four Major Projects
    • [September 5, 2025] - Major General Plan Amendments Requested for 1,800-acre Florence Area
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. ✎ Planning & Development
      3. 📰 Local News
      4. 🔎︎ Classifieds
      5. 🕵 Editorial Analysis
      6. 💰 Budgets & Funding
      7. 🏢 Commercial Real Estate
      8. 👔 People on the Move
      9. 🌵 Arizona Projects
      10. 🏛️ Legislation & Regulations
      11. 📈 Trends

      Goodyear Seeking Developer for Ballpark Village Mixed-Use

      September 10, 2025

      Opus Group Planning 300KSF Industrial Park Near Sky Harbor

      September 9, 2025

      Multifamily Development Planned in Tucson’s Miracle Mile

      September 9, 2025

      Queen Creek Unified Seeks Funding for Four Major Projects

      September 5, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 09-09-25

      September 9, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Industry Professionals 09-09-25

      September 9, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Arizona Projects 09-05-25

      September 5, 2025

      Arizona Projects 08-29-25

      August 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Construction Employment Down for Third Straight Month

      September 9, 2025

      Construction Job Openings Up 77,000 YoY

      September 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Goodyear Seeking Developer for Ballpark Village Mixed-Use

      September 10, 2025

      Opus Group Planning 300KSF Industrial Park Near Sky Harbor

      September 9, 2025

      Multifamily Development Planned in Tucson’s Miracle Mile

      September 9, 2025

      Construction Employment Down for Third Straight Month

      September 9, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Planning & Development » March Nonresidential Construction Spending Down 1.1%
    Planning & Development

    March Nonresidential Construction Spending Down 1.1%

    BEX StaffBy BEX StaffMay 7, 2021No Comments2 Mins Read
    Credit: Associated Builders and Contractors
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Associated Builders and Contractors

    National nonresidential construction spending declined 1.1 percent in March, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $778.5B for the month.

    Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. Private nonresidential spending was down 0.9 percent, while public nonresidential construction spending fell 1.5 percent in March.

    “While the longer-term outlook for nonresidential construction is superb, the pandemic is lingering, creating much damage to commercial real estate fundamentals,” said ABC Chief Economist Anirban Basu. “The lodging, office and commercial segments experienced declines in spending in March. Office vacancy rates are elevated in many markets, and the industry experienced negative net absorption. The trials and tribulations of hotel operators, retailers and restauranteurs are also well known. Private nonresidential construction spending is down more than nine percent from March 2020.”

    “Public construction spending was weak in March and is down more than five percent on a year-over-year basis,” said Basu. “While large-scale federal infrastructure outlays are likely in the future, that money has yet to arrive. State and local government finances have generally held up far better than many had predicted earlier in the COVID-19 crisis, but many governments have had to spend significant operational sums to countervail the public health crisis and therefore had to redirect money away from infrastructure.”

    “ABC’s Construction Backlog Indicator has foreshadowed this state of affairs for months,” said Basu. “The most recent readings suggest that the construction spending recovery will be slow over the near-term. However, as the broader economic recovery picks up additional speed later this year with more pervasive vaccinations and re-openings, both private and public construction spending should begin to manifest more positive momentum later this year and into 2022.” (Source)

    ABC Anirban Basu Associated Builders and Contractors Construction Backlog Indicator coronavirus nonresidential construction spending pandemic US Census Bureau COVID-19
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Goodyear Seeking Developer for Ballpark Village Mixed-Use

    September 10, 2025

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Goodyear Seeking Developer for Ballpark Village Mixed-Use

    September 10, 2025

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025

    Construction Employment Down for Third Straight Month

    September 9, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Goodyear Seeking Developer for Ballpark Village Mixed-Use

    September 10, 20250

    By BEX Staff for AZBEX The City of Goodyear issued a request for proposals in…

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025

    Construction Employment Down for Third Straight Month

    September 9, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Goodyear Seeking Developer for Ballpark Village Mixed-Use

    September 10, 2025

    Opus Group Planning 300KSF Industrial Park Near Sky Harbor

    September 9, 2025

    Multifamily Development Planned in Tucson’s Miracle Mile

    September 9, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.