Private Nonresidential Construction Slows for Fourth Straight Month in January Despite Jump in Data Center Spending

WASHINGTON, March 23—Total nonresidential construction spending was virtually unchanged in January, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.245 trillion. Spending was down on a monthly basis in 9 of the 16 nonresidential subcategories. Private nonresidential spending […]

The Complete Guide to Construction Accounting

Why Construction Accounting Isn’t Like Standard Accounting Construction accounting is a project-based financial system designed to measure profitability, risk and cost performance at the individual contract level. Unlike traditional accounting models that treat business activity as continuous operations, construction accounting isolates revenue, costs and financial outcomes for each project. Every construction project behaves like a […]

Steel Cooling: Steel Costs Steadily Decline After Pandemic Price Shock

Despite minor tariff-induce volatility. steel prices have steadily cooled off over the last year. Steel prices have continued trending downward after several years of volatility, according to Gordian’s latest analysis based on RSMeans Data. After dramatic spikes during the pandemic-era supply disruptions, the market has gradually stabilized as supply chains improve and demand softens in […]