Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America.
Construction spending in February totaled $1.192 trillion at a seasonally adjusted annual rate. The February rate was up 0.8 percent from the month before and 3.0 percent from the February 2016 level, the report said.
