Regional US Construction Activity Reveals Two-Speed Nonresidential Market
From the article
KEY POINTS Year-to-date through May 2026, Nonresidential Building (NRB) starts are positive in five of nine Census divisions. Arizona’s NRB total for the first five months of 2025 was $30.8 billion; in the same period of 2026, it is $3.3 billion. Civil construction tells a different story: eight of nine divisions are positive through May, and the range of outcomes is far narrower than NRB.
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