WFB Briefs: Nonresidential Construction Spending Down; Single-family Permits Increase; CHINAFLOOR 2024 Sees Record Visitors

  • National nonresidential construction spending took a slight dip for the second consecutive month in April but remains just 0.3% below the all-time high of $1.2 trillion established in February, according to data from the U.S. Census Bureau.
  • Elevated construction costs and tight financing is impeding construction in the multifamily sector, while increasing demand has led to the increase of single-family permits, according to recent findings from the National Association of Home Builders.
  • DOMOTEX asia/CHINAFLOOR 2024 saw a record 17,923 visitors at its recent show, which brought 83,850 professional visitors coming from 117 countries.
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