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Construction Spending Slips in February Despite Private Nonresidential Increases as Homebuilding and Public Construction Outlays Retreat

Construction Officials Urge Biden Administration to Focus on Progress When It Comes to New Federal Investments in Infrastructure, Semiconductor Plant and Green Energy Construction Projects

Total construction spending decreased by 0.1 percent in February, as declines in single-family homebuilding and public construction outweighed a pickup in private nonresidential construction, according to an analysis by the Associated General Contractors of America today of new federal data. Association officials noted that demand for many types of commercial construction is likely to remain strong for the foreseeable future.

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