The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi51° Rain

Tonight

Lo45° Rain Likely

Friday

Hi55° Rain

Friday Night

Lo39° Mostly Cloudy

Saturday

Hi53° Partly Sunny

Saturday Night

Lo36° Partly Cloudy

Sunday

Hi53° Partly Sunny

Sunday Night

Lo41° Mostly Cloudy

Monday

Hi54° Slight Chc Rain

Monday Night

Lo47° Chance Rain

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