US Construction Spending Drops Amid Increased Project Delays, Cancellations
Overall construction spending fell 0.4% in April, compared to March, according to data released June 2 by the U.S. Census Bureau. Monthly non-residential construction spending fell 0.1%, while residential spending declined 0.9% in the same time period. “Construction spending slipped in April as headwinds like trade policy uncertainty, high interest rates and tight lending…

