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March 2, 2018

U.S. construction spending flat in Jan.

WASHINGTON (AP) — Spending on U.S. construction projects was unchanged in January, held back by a sharp fall in commercial real estate building.

The Commerce Department said Thursday that spending on the construction of single-family homes rose 0.6 percent, while apartment building fell. Construction of commercial projects, such as office towers and malls, fell 2.7 percent. Construction spending on new power plants plunged 6.2 percent.

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