Property & Inland Marine Insights
Throughout this year, construction analysts have been closely watching key indicators to judge the health of the construction industry. Trade wars and perennial labor shortages have been a drag on the sector overall. Nationally, residential construction spending has been trending downward in 2019, while non-residential spending has held steady. Within the non-residential sector, data shows that private non-residential has slowed this year while public non-residential is still seeing some growth.