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US Construction Spending Drops 0.6 Percent in March

From abcnews.go.com

U.S. construction fell in March as an increase in nonresidential construction was offset by declines in home building and government projects. The Commerce Department says construction spending dropped 0.6 percent in March after being flat in February. Construction activity has fallen or shown no gain in four of the past five months, a sign of the economic toll from a severe winter. For March, housing construction dropped 1.6. Both single-family construction and apartment construction contracted. Spending on government projects fell 1.5 percent, the third straight decline. The only good news in March is a 1 percent ... (full story)

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