06
Apr
20:47
Construction spending rises, starts fall during 2020
US non-residential construction starts were down in 2020 despite an increase in spending, Kallanish learns.
According to an industry analysis by ConstructConnect, construction spending in the US increased by 4.8% from 2019 to $1.43 trillion in 2020. The overall spending gains were attributable to the residential construction industry, in which spending rose to $813.9 billion in 2020, a 12% increase in spending from the prior year.
Construction spending …
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