Construction spending decreased 0.6% in March, the Commerce Department said Friday, and is 2.0% above the March 2014 level.
In February, construction spending was flat, first reported as a 0.1% decrease.
Spending on private construction slid 0.3% in the month, while public construction dropped 1.5%.
Residential construction dropped 1.6%.
Economists polled by Thomson Reuters predicted a 0.5% increase in construction spending.
Munis saw small gains Thursday, continuing the slight turnaround in sentiment the market has seen this week, with muni yields seeing modest bumps each day, said Jeremy Holtz, a portfolio manager at Income Research + Management.
The city is in danger of defaulting on bonds in the next fiscal year, according to Local Government Commission officials who say they will intervene if needed.
The $12.78 billion fiscal 2027 budget agreement unveiled by Republican officials comes as lawmakers prepare for looming federal Medicaid funding cuts.
A presidential address does nothing to quell the price of crude oil as states are now calculating the effects of rising fuel prices on their tax revenues.
Divisions are emerging among Missouri lawmakers over the $50.3 billion fiscal 2027 budget the House passed last Tuesday.
Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.
