What's Hot

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [June 27, 2025] - Arterial Life Cycle Program Covers 20 Years of Street Development
    • [June 27, 2025] - Phoenix-to-Tucson Rail Study Advances
    • [June 27, 2025] - Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations
    • [June 27, 2025] - Arizona Projects 06-27-25
    • [June 24, 2025] - Hobbs, Legislators Reach Water Use Compromise
    • [June 24, 2025] - $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects
    • [June 24, 2025] - Queen Creek Council OKs Amendment for 166-Unit Townhome Project
    • [June 24, 2025] - Ariz. Construction Shed 1,700 Jobs in May
    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

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Queen Creek Council OKs Amendment for 166-Unit Townhome Project

      June 24, 2025

      Bullhead Resort in Limbo After Continued No-Shows at Land Auction

      June 20, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 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

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      MAG Meetings Detail Prop 479 Freeway Life Cycle Plans

      June 17, 2025

      Commercial Real Estate 06-24-25

      June 24, 2025

      Commercial Real Estate 06-17-25

      June 17, 2025

      Commercial Real Estate 06-10-25

      June 10, 2025

      Commercial Real Estate 06-03-25

      June 3, 2025

      Industry Professionals 06-24-25

      June 24, 2025

      Industry Professionals 06-17-25

      June 17, 2025

      Industry Professionals 06-10-25

      June 10, 2025

      Industry Professionals 06-03-25

      June 3, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Arizona Projects 06-20-25

      June 20, 2025

      Arizona Projects 06-13-25

      June 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      Hobbs, Legislators Reach Water Use Compromise

      June 24, 2025

      Phoenix Delays Data Center Rezone Vote

      June 20, 2025

      More Cities Considering Data Center Restrictions

      June 18, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      NABH Council Partnership Wants to Expand Workforce Pipeline

      June 17, 2025

      Project Abandonments Hit a Record in May

      June 13, 2025

      U.S. Construction Added 4,000 Jobs in May

      June 10, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Arizona Projects 06-27-25

      June 27, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Trends » June Nonresidential Spending Down 0.9 Percent
    Trends

    June Nonresidential Spending Down 0.9 Percent

    BEX StaffBy BEX StaffAugust 6, 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 0.9 percent in June, 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 $779.9B for the month, down 6.6 percent from one year ago.

    Spending was down on a monthly basis in eight of 16 nonresidential subcategories. Private nonresidential construction spending fell 0.7 percent, while public nonresidential construction spending fell 1.2 percent in June. Year-over-year spending was down in 15 categories. Private nonresidential construction spending has declined 6 percent on a year-ago basis, while public spending is down 7.6 percent.

    “Since achieving an all-time high in January 2020, nonresidential construction spending is down 12 percent,” said ABC Chief Economist Anirban Basu. “With each passing month, the deficit vis-à-vis the all-time high continues to expand. June was no exception, with both private and public nonresidential construction declining.”

    “For economists, this presents a bit of a paradox,” said Basu. “Many contractors report rising backlog and strong expectations for sales, staffing and profit margin growth over the balance of the year, according to ABC’s Construction Backlog Indicator and Construction Confidence Index. Yet the macroeconomic data continue to show an industry struggling to stabilize from the pandemic-induced recession.”

    “There is a logical explanation,” said Basu. “Despite the lingering pandemic and elevated materials prices, demand for construction services remains high. But this lofty demand is failing to translate into construction spending growth because available capacity to supply services is so constrained, especially by expanding skills shortages. This means the average project is taking longer to complete. It also translates into diminished construction spending on a monthly basis since less services are delivered. Consequently, individual firms generally remain confident about the future given the presence of demand for their services as well as rising backlog, but the macroeconomic outcomes remain uninspiring as quantity supplied struggles to match quantity demanded.” (Source)

    ABC Anirban Basu Associated Builders and Contractors Construction Backlog Indicator Construction Confidence Index economic indicator economic trend economy nonresidential construction spending US Census Bureau
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Ariz. Construction Shed 1,700 Jobs in May

    June 24, 2025

    NABH Council Partnership Wants to Expand Workforce Pipeline

    June 17, 2025

    Project Abandonments Hit a Record in May

    June 13, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025

    Arizona Projects 06-27-25

    June 27, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Budgets & Funding

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 20250

    By Roland Murphy for AZBEX With implementation of the Maricopa County Proposition 479 half-cent transportation…

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025

    Arizona Projects 06-27-25

    June 27, 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

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 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.