A nine-month string of gains in U.S. construction spending came to a halt in January, but the number was still higher thanit was one year ago.According to an analysis of new Census Bureau data by the Associated General Contractors of America, construction put in place totaled $883 billion in January, down 2.1 percent from December.Association officials cautioned that “across-the-board” federal spending cuts known as sequestration, which took effect March 1, along with a possible shutdown…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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