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    Analysis

    August 2, 2021

    Nonresidential Construction Spending Down Again in June

    Written by David Schollaert

    Construction sectors continued to diverge in June, reported the Associated General Contractors of America (AGC). Although residential construction increased month on month and when compared to the same year-ago period, nonresidential construction spending fell again. The nonresidential declines include a steep drop in spending on highway and street projects, prompting the AGC again to urge Congress to expedite a bipartisan infrastructure bill.

    “The pandemic has created a tale of two construction industries, a residential market where demand continues to surge and a nonresidential market that is struggling to gain traction,” said Stephen Sandherr, AGC’s CEO. “The federal government has a real opportunity to boost nonresidential construction by passing the bipartisan infrastructure measure as quickly as possible.”

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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