Surprising Slowdown in Nonresidential Building: EcoPulse
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Private nonresidential construction is losing steam in the U.S., a sign that commercial real estate may be a drag on the economy as business leaders are reluctant to make large property investments.
Spending on lodging, office, commercial and manufacturing buildings grew 5.6 percent in April to about $11 billion from a year ago on a nonseasonally-adjusted basis, the slowest pace in almost two years, data from the Census Bureau show.