WASHINGTON (Feb 28): US construction spending increased in December, lifted by a rebound in single-family homebuilding as well as ongoing strength in home renovations. The Commerce Department's Census Bureau said on Friday that construction spending rose 0.3% after falling 0.2% in November. Construction spending slipped 0.4% year-on-year in December. Spending on private construction projects rose 0.5% in December after easing 0.2% in November. State and local government construction spending declined 0.7% in December, but outlays on federal government projects increased 1.6%.

Source: The Edge Markets February 27, 2026 16:36 UTC