Retrofit magazine reported the findings of the Marcum Commercial Construction Index for the fourth quarter of 2021.
The nonresidential construction sector has lagged in recent months, with a spending decline of 0.7 percent in December 2021, the most recent month for which data are available. Nonresidential construction spending is up 3.9 percent year-over-year, but once inflation is factored in, this represents a setback in real terms.
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