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Construction put-in-place showed a seasonally adjusted annual escalation rate of +3.0% in February

The dollar value of total construction putin-place showed a seasonally adjusted annual escalation rate of +3.0% in February, according to the U.S. Dept. of Commerce. Most of the gain came from the private construction markets, which were up 6.9% from a year ago. Homebuilding also gave construction a boost, with a 6.2% annual increase. Construction’s weak spot is public works, which is down 8.0% from a year ago, including a year-to-year decline of 36.5% for public power projects.
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