February Construction Spending Rises 0.1%

Construction spending rose 0.1% in February, the Commerce Department said, 8.7% above the February 2013 level.

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In January, construction spending slid a revised 0.2%, first reported as a 0.1% increase.

Spending on private construction rose 0.1% in the month, while public construction grew 0.1%.

Residential construction fell 0.8% and single-family housing dropped 1.1% in the month.

Multi-family housing increased 2.6%.

Economists polled by Thomson Reuters predicted a 0.1% rise in construction.


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