US spending on construction projects rises 1.7%...
SILVER SPRING, Md. (AP) — Spending on U.S. construction projects rose 1.7% in January as new home building continues to lift the sector. Last month’s increase followed small revised gains in December and November. Spending on residential construction rose 2.5% in January, with single family home projects up 3%, the Commerce Department reported Monday. Despite an economy that’s been battered for nearly a year because of the coronavirus pandemic, historically low interest rates and city dwellers seeking more space…













