Construction spending slipped from December to January but increased modestly from a year ago, as private construction grew solidly but public infrastructure outlays tumbled, according to an analysis by the Associated General Contractors of America.
After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next eighteen months. However, continued strong demand for hotels, office space, and amusement and recreation spaces will ensure continued growth in the overall construction spending market over this time period.
AD, the $32 billion contractor and industrial products wholesale buying/marketing group, reported sales for all members, across all seven divisions and three countries grew by 9 percent in 2016 Q1 YTD to a record $8.7 billion.
Construction spending slipped in November from a month earlier but maintained a strong rate of year-over-year growth in all major categories, according to an analysis by the Associated General Contractors of America.
