Construction Spending Rises in January as Surge in Multifamily, Nonresidential Projects Outweighs Weakness in Homebuilding

Construction spending increased by 1.3 percent from December to January as gains in apartment construction and most private and public nonresidential project types outweighed a slump in single-family homebuilding, according to an analysis of new government data March 13 by the Associated General Contractors....

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