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Nonresidential construction slips
CONSTRUCTION
Anirban Basu
Published: March 8, 2010
The new year started on a down note for private nonresidential construction as spending fell 2.1 percent in January, according to the March 1 report by the U.S. Census Bureau. On a year-over-year basis, private nonresidential construction was 19.9 percent lower. Total nonresidential construction spending slipped 1.4 percent in January and was down 10.6 percent from the same time last year. Nonresidential construction spending totaled $615 billion on a seasonally adjusted annual rate in January.

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