Construction spending rises in U.S.

WASHINGTON — The U.S. Census Bureau announced that construction spending during March 2014 was estimated at a seasonally adjusted annual rate of $942.5 billion, 0.2% above the revised February estimate of $940.8 billion. The March figure is 8.4% above the March 2013 estimate of $869.2 billion. During the first three months of this year, construction spending amounted to $196.6 billion, 8.3% above the $181.6 billion for the same period in 2013.