Spending on home construction rose 0.6 percent but spending on nonresidential projects dropped 1.6 percent, reflecting declines in hotels, office buildings and the category that covers shopping centers. Over the course of 2014, spending on offices, power plants, factories and hotels and motels climbed significantly, a potential sign of broader economic growth in 2015.
Comment on US construction spending down 1.1 percent in January
By MARTIN CRUTSINGER, AP Economics Writer, Seattle Post-Intelligencer: Business
Mon, 03/02/2015 - 9:05am
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