Nonresidential construction spending falls for 3rd time in 4 months
Construction Dive
AI Article Summary
Nonresidential construction spending has declined for the third time in four months, according to a delayed report impacted by a federal government shutdown. The data highlights weaknesses across various commercial construction categories. However, it notes that data center construction activity remains stable.
What This Means for Canadian Contractors
For Canadian builders, this decline in nonresidential construction spending suggests potential slowdowns in permit issuance and funding availability. Contractors might need to adjust labor plans or explore cost-efficient construction methods like prefabrication. Understanding these trends can help mitigate impacts on project timelines and supply chains.
