What's Hot

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 2025

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 26, 2025] - Phoenix Construction Costs See 4.8% Q3 Annual Change
    • [September 26, 2025] - Peoria Council Okays Commercial to Residential Rezone
    • [September 26, 2025] - Glendale Council Hears Annexation Plan for Industrial Development
    • [September 26, 2025] - Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix
    • [September 26, 2025] - Arizona Projects 09-26-25
    • [September 24, 2025] - Yuma Funding CIP Projects with $116M Bond Issuance
    • [September 23, 2025] - 100KSF MOB Planned at Chandler Regional Medical Center
    • [September 23, 2025] - Builder Sales Expectations Up, Sentiment Steady in September
    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 Construction Costs See 4.8% Q3 Annual Change

      September 26, 2025

      Peoria Council Okays Commercial to Residential Rezone

      September 26, 2025

      Glendale Council Hears Annexation Plan for Industrial Development

      September 26, 2025

      Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix

      September 26, 2025

      Renovations Continue to Lead Arizona’s Booming Hotel Development Sector

      September 19, 2025

      CivicGroup to Repurpose Former Glendale Courthouse Site

      September 19, 2025

      Beale Infrastructure Confirms Updated Plans for Pima County Tech Investments

      September 19, 2025

      Tucson Planning to Study Data Center Restrictions

      September 17, 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

      Yuma Funding CIP Projects with $116M Bond Issuance

      September 24, 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

      Commercial Real Estate 09-23-25

      September 23, 2025

      Commercial Real Estate 09-16-25

      September 16, 2025

      Commercial Real Estate 09-09-25

      September 9, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Industry Professionals 09-23-25

      September 23, 2025

      Industry Professionals 09-16-25

      September 16, 2025

      Industry Professionals 09-09-25

      September 9, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Arizona Projects 09-26-25

      September 26, 2025

      Arizona Projects 09-19-25

      September 19, 2025

      Arizona Projects 09-12-25

      September 12, 2025

      Arizona Projects 09-05-25

      September 5, 2025

      Scottsdale to File Notice of Claim Over Axon Bill

      September 16, 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

      Builder Sales Expectations Up, Sentiment Steady in September

      September 23, 2025

      Ariz. Construction Added 2,900 Jobs in August

      September 23, 2025

      Renovations Continue to Lead Arizona’s Booming Hotel Development Sector

      September 19, 2025

      Construction Backlog Down, Confidence Steady

      September 19, 2025

      Phoenix Construction Costs See 4.8% Q3 Annual Change

      September 26, 2025

      Peoria Council Okays Commercial to Residential Rezone

      September 26, 2025

      Glendale Council Hears Annexation Plan for Industrial Development

      September 26, 2025

      Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix

      September 26, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 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 » Trends » Nonresidential Construction Spending Down in May
    Trends

    Nonresidential Construction Spending Down in May

    BEX StaffBy BEX StaffJuly 7, 2023No Comments1 Min Read
    Credit: Associated Builders and Contractors
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Associated Builders and Contractors

    National nonresidential construction spending decreased 0.2% in May, 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 $1.06T.

    Spending declined on a monthly basis in nine of the 16 nonresidential subcategories. Private nonresidential spending fell 0.3%, while public nonresidential construction spending increased 0.1% in May.

    “Nonresidential construction spending declined in May, ending a streak of 11 consecutive monthly increases,” said ABC Chief Economist Anirban Basu. “While spending is up more than 17% over that span, manufacturing-related construction has accounted for the majority of that increase. Excluding the manufacturing segment, nonresidential construction spending is barely outpacing inflation, up just 6% over the past year.

    “Contractors remain relatively upbeat, according to ABC’s Construction Confidence Index, and ongoing strength in manufacturing and publicly financed segments justifies that confidence,” said Basu. “Unfortunately, conditions may prove challenging in other segments over the next few quarters. Interest rates remain elevated and are likely to rise at least once more over the second half of 2023, exacerbating already tight credit conditions and ultimately limiting construction activity.” (Source)

    ABC Anirban Basu Associated Builders and Contractors construction spending credit conditions inflation interest rates manufacturing-related construction nonresidential construction spending private nonresidential construction spending public nonresidential construction spending trends U.S. Census Bureau
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 2025

    Builder Sales Expectations Up, Sentiment Steady in September

    September 23, 2025

    Ariz. Construction Added 2,900 Jobs in August

    September 23, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 2025

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 2025

    Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix

    September 26, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 20250

    By Roland Murphy for AZBEX Construction costs and market fluctuations are combining to create a…

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 2025

    Valutek Moving Forward with New 45KSF Headquarters and Warehouse in Phoenix

    September 26, 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

    Phoenix Construction Costs See 4.8% Q3 Annual Change

    September 26, 2025

    Peoria Council Okays Commercial to Residential Rezone

    September 26, 2025

    Glendale Council Hears Annexation Plan for Industrial Development

    September 26, 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.