Nationwide nonresidential construction spending decreased by 0.4% in the month of October, according to anAssociated Builders and Contractors(ABC) analysis ofrecent U.S. Census Bureau data. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.228 trillion.Octobers spending declined in 11 of 16 nonresidential subcategories. For the private nonresidential sector, spending decreased by 0.3% while public nonresidential construction spending declined by 0.5%.Table credit: Associated Builders and ContractorsSome of Octobers nonresidential weakness and residential strength can be attributed to hurricanes Helene and Milton, ABC Chief Economist Anirban Basu said about the figures. The storms stalled work on several projects in North Carolina and Florida and initiated a massive increase in residential repair work. Construction of new housing units is actually down slightly over the past year, while spending on renovations and repairs is up by a robust 18.5%....