Construction spending records steep decline in January

Construction spending nationwide took a big dip in January, a disappointing break to nine consecutive months of gains, according to an analysis of new U.S. Census Bureau data released Friday by the Associated General Contractors Association of America.The total $883 billion in spending for January was a 2.1 percent fall from December figures, the statement said. While that’s still much better — by 7.1 percent, to be exact — than January 2012, association officials warned that the widespread…

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