homeWelcome, sign in or click here to subscribe.login
     


 

 

Construction


Subscriber content preview

May 4, 2021

Construction spending up in March, less than expected

  • However, builders began construction on new homes and apartments in March at the fastest pace since June 2006.
    • By MATT OTT
    AP Business Writer

    SILVER SPRING, Md. — U.S. construction spending bounced back in March following a February beset by frigid cold and winter storms across large swaths of the country.

    However, spending on construction projects rose just 0.2% in March, the Commerce Department said Monday, significantly less than the 1.7% jump economists had expected. That comes even as February's decline was revised downward, as was January's.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.