Nationwide nonresidential construction spending decreased by 0.1% in the month of November, according to an Associated Builders and Contractors (ABC) analysis of recent U.S. Census Bureau data. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.23 trillion.According to the ABC, private nonresidential spending went unchanged while public nonresidential construction spending was down by 0.2% in November.On a year-over-year basis, nonresidential construction spending is up 2.8% but remained nearly flat in "inflation-adjusted terms."Table credit: Associated Builders and Contractors"Contractor confidence surged post-election," said the ABCs Chief Economist Anirban Basu. "Many contractors expect a combination of deregulation and tax cuts to support greater activity and profitability going forward, including substantial investment in traditional energy sectors and manufacturing. Still, there are reasons for concern."Table credit: Associated Builders and Co...