Construction spending
slipped
0.3 percent in February to a seasonally adjusted annual rate of $1.12 billion.
Residential
construction sagged 0.9% for the month and 20% YTD. Private nonresidential
spending inched down 0.1% in February but was up 16% YTD. Public nonresidential
spending rose 0.5% and 6.6%. Growth in some categories held steady in the first
two months of 2008 or even accelerated from 2007, while others slowed markedly.