Construction spending declines in March
Abstract:
Total construction spending fell 1.1% in March after it was revised up 0.7% in February. Construction spending is now 8.4% below the peak level in February 2006 with almost half of the decline occurring since last September when residential mortgage problems began to slow growth in nonresidential construction markets.
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Total construction spending fell 1.1% in March after it was revised up 0.7% in February. Construction spending is now 8.4% below the peak level in February 2006 with almost half of the decline occurring since last September when residential mortgage problems began to slow growth in nonresidential construction markets.