US construction spending slips in February

Industry News, The Daily Buzz

WASHINGTON, April 3 (Reuters) – U.S. construction spending dipped in February as investment in single-family homebuilding maintained its downward trend amid higher mortgage costs. The Commerce Department said on Monday that construction spending slipped 0.1% in February after increasing 0.4% in January. Economists polled by Reuters had forecast construction spending would be unchanged. Construction spending…

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