The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo67° Mostly Clear

Tuesday

Hi94° Sunny

Tuesday Night

Lo67° Clear

Wednesday

Hi94° Sunny

Wednesday Night

Lo67° Clear

Thursday

Hi92° Sunny

Thursday Night

Lo64° Clear

Friday

Hi89° Sunny

Friday Night

Lo64° Partly Cloudy

Saturday

Hi84° Mostly Sunny

U.S. construction spending down 1.7 percent

Send to Kindle
Print This

WASHINGTON — Spending on U.S. construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building.

The Commerce Department says construction spending fell 1.7 percent in March, compared with February. It marked the second decline in the past three months. January activity plunged a record 4 percent, which represented a downward revision from a previous estimate of a 2.1 percent decline.

Even with the recent weakness, construction activity was 4.8 percent higher in March than a year ago at a seasonally adjusted $856.7 billion.

For March, private residential construction rose 0.4 percent, the only major sector showing a gain. Government construction activity fell 4.1 percent, the biggest drop since March 2002, while private nonresidential building was down 1.5 percent.