Construction Spending Dips 0.1 Percent In January As Drop In Homebuilding And Public Construction Outweigh Private Nonresidential Gains

Total construction spending decreased by 0.1 percent in January, as declines in single-family homebuilding and public construction offset marginal gains from private nonresidential construction, according to an analysis by the Associated General Contractors of America today of new federal data. Association officials said a lack of clear guidance from officials...