Construction Spending Declines as Decrease in Public, Private Nonresidential Construction Outweighs Strong Pickup in Homebuilding

Construction spending declined 0.8 percent in October from September but topped year-ago levels by 1.1 percent, as decreases in private nonresidential, multifamily and public projects outweighed a recent revival in single-family homebuilding, according to an analysis Dec. 2 by the Associated General Contractors of America of new federal spending data....

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