Construction Spending Slips in February Despite Private Nonresidential Increases as Homebuilding and Public Construction Outlays Retreat

Total construction spending decreased by 0.1 percent in February, as declines in single-family homebuilding and public construction outweighed a pickup in private nonresidential construction, according to an analysis by the Associated General Contractors of America today of new federal data. Association officials noted that demand for many types of commercial...