Buoyed by commercial sector, U.S. construction spending rises in March
WASHINGTON -- U.S. construction spending rose in March for the fifth consecutive month, led by increases in non-residential building activity, according to a report released by the Commerce Department.
Construction spending rose 1.3% in March to a record $854.4 billion annual rate, following a revised 0.9% gain in February. Compared to a year ago, construction spending was up 3.0% in March.