The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi38° Rain

Tonight

Lo37° Rain

Sunday

Hi46° Chance Rain

Sunday Night

Lo35° Slight Chc Rain

Monday

Hi42° Mostly Sunny

Monday Night

Lo33° Slight Chc Rain

Tuesday

Hi42° Chance Rain

Tuesday Night

Lo33° Slight Chc Rain

Wednesday

Hi38° Chance Rain

Wednesday Night

Lo26° Chance Snow

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.

All comments are moderated before appearing. For more information, please read the approval guidelines. Questions? See our Disqus commenting FAQ or our full commenting policy.

Comments Help

A few important points:

  • You must have a Disqus account to comment (your Wenatchee World login and Disqus login are completely separate)
  • You must provide your first and last name
  • Your comment must be civil

For more information see our Disqus commenting FAQ or our full commenting policy