The emerging trade war between the U.S. and both Canada and Mexico may impact private construction project financing, the Associated Builders and Contractorshas warned. The statement comes as the ABC released its latest data on nonresidential construction spending.The ABC analysis of recent U.S. Census Bureau data found that nationwide nonresidential construction spending decreased by 0.2% in the month of December. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.241 trillion.Decembers spending declined in 9 of 16 nonresidential subcategories. For the private nonresidential sector, spending increased by 0.1% while public nonresidential construction spending declined by 0.5%.Table credit: Associated Builders and ContractorsPublic sector nonresidential spending fell sharply in in the last month of 2024, but that decline was likely a short-term phenomenon as the transition between presidential administrations and cold weather delayed construction work...