2021 Economic Review & 2022 Outlook - Total Nonresidential Construction Spending

Non-Residential
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Total spending on nonresidential construction dipped 5.8% for the same reporting period last year with a loss of 1.2% month-to-month. The Dodge Momentum Index, a measure of nonresidential building projects in planning per month, rose 11% with both components increasing: commercial planning up 13% and institutional up 8%.