US construction spending down 1.3% in February

WASHINGTON (AP) — Spending on U.S. construction projects fell 1.3% in February with housing and nonresidential construction both showing weakness even before the coronavirus struck with force in the United States. The Commerce Department said the February decline followed a 2.8% rise in construction in January. Economists are forecasting more declines to come, especially in housing activity as the stay-at-home orders in much of the country crimp home sales.