Spending on construction in the US has been growing for years, but amid rising rates and a stalling market that trend appears to be coming to an end
Construction spending is up 4.5% year-over-year according to the latest data from the U.S. Census Bureau
Housing starts hit 8-year high
Some submarkets run counter to national trend
Total construction spending falls 12.8% in February
Uneven recovery trajectory continues
Spending on residential, commercial projects drops 5% in '08
Spending rate off 34% from its 2006 peak, Census Bureau finds
Total spending rate dips to $1.12 trillion in January