US Construction Up 1.2 Percent In February - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

US Construction Up 1.2 Percent In February

Posted: Updated:

WASHINGTON (AP) - Spending on U.S. construction projects rebounded in February, helped by a surge in home construction, which rose to the highest level in more than four years.
    
The Commerce Department says construction spending rose 1.2 percent in February, compared to January, when construction had dropped 2.1 percent. Spending rose to a seasonally adjusted annual rate of $885.1 billion, 7.9 percent higher than a year ago.
    
The advance was led by a 2.2 percent rise in private residential construction, which advanced 2.2 percent to an annual rate of $303.4 billion, the best showing since November 2008. Private nonresidential construction was up 0.4 percent while public construction rose 0.9 percent.
    
Construction spending is expected to keep growing this year, fueled by more homebuilding and broader improvement in the economy.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

HD DOPPLER 6i
/
  • National NewsMore>>

  • Florida man arrested for DUI after mistaking bank drive-thru for Taco Bell

    Florida man arrested for DUI after mistaking bank drive-thru for Taco Bell

    Saturday, January 20 2018 1:40 AM EST2018-01-20 06:40:23 GMT

    TAMPA, Fla. - A Tampa, Florida man was arrested on Wednesday afternoon for DUI after deputies say he mistook a bank drive-thru for Taco Bell. The Hernando County Sheriff's Office told ABC Action News that the manager of a Bank of America called to report an impaired driver after he found an unconscious man behind the wheel of a blue sedan in the bank's drive-thru lane. The manager told deputies that after knocking on the car window for 

    More >>

    TAMPA, Fla. - A Tampa, Florida man was arrested on Wednesday afternoon for DUI after deputies say he mistook a bank drive-thru for Taco Bell. The Hernando County Sheriff's Office told ABC Action News that the manager of a Bank of America called to report an impaired driver after he found an unconscious man behind the wheel of a blue sedan in the bank's drive-thru lane. The manager told deputies that after knocking on the car window for 

    More >>
  • The Latest: Government shutting down amid partisan standoff

    The Latest: Government shutting down amid partisan standoff

    Saturday, January 20 2018 12:54 AM EST2018-01-20 05:54:47 GMT

    WASHINGTON (AP) - The Latest on the budget battle in Congress (all times local): 12 midnight  The U.S. government shut down at midnight after Congress failed to resolve a partisan standoff over immigration and spending. In a late-night vote, Senate Democrats joined to block a bill that would have kept the government running for another four weeks. A flurry of last-minute negotiations failed to beat the deadline. Democrats have tried to use the F...

    More >>

    WASHINGTON (AP) - The Latest on the budget battle in Congress (all times local): 12 midnight  The U.S. government shut down at midnight after Congress failed to resolve a partisan standoff over immigration and spending. In a late-night vote, Senate Democrats joined to block a bill that would have kept the government running for another four weeks. A flurry of last-minute negotiations failed to beat the deadline. Democrats have tried to use the F...

    More >>
  • WATCH: Milwaukee County bus driver helps cold, lost boy

    WATCH: Milwaukee County bus driver helps cold, lost boy

    Saturday, January 20 2018 12:54 AM EST2018-01-20 05:54:00 GMT
    RideMCTSRideMCTS

    MILWAUKEE - A Milwaukee County bus driver is being hailed a hero after she took a shivering 5-year-old boy inside her warm bus. The entire interaction was captured on security cameras on the bus — and the footage has been seen by thousands after it was featured on Milwaukee TV stations and shared again by ABC News on Thursday. Karen Martinez, a driver for the Milwaukee County Transit System, saw the child standing 

    More >>

    MILWAUKEE - A Milwaukee County bus driver is being hailed a hero after she took a shivering 5-year-old boy inside her warm bus. The entire interaction was captured on security cameras on the bus — and the footage has been seen by thousands after it was featured on Milwaukee TV stations and shared again by ABC News on Thursday. Karen Martinez, a driver for the Milwaukee County Transit System, saw the child standing 

    More >>