Handyman Insurance, Nonresidential Construction Spending Inches Higher
Nonresidential construction spending increased 0.6% in February and has risen 6.1% since February 2013. Total construction spending in February edged up from January despite adverse weather in much of the nation, as private residential and nonresidential components posted solid growth compared with early 2013, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials noted that the construction spending figures would have been stronger if not for declines in public sector construction and infrastructure investments.