U.S. construction holds steady

WASHINGTON — The U.S. Census Bureau of the Department of Commerce announced that construction spending during February 2014 was estimated at a seasonally adjusted annual rate of $945.7 billion, 0.1% above the revised January estimate of $944.6 billion. The February figure is 8.7% above the February 2013 estimate of $869.9 billion. During the first 2 months of this year, construction spending amounted to $128.0 billion, 8.9% above the $117.5 billion for the same period in 2013.