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Here Comes Construction Spending...

Mamta BadkarApr 1, 2014, 19:19 IST

AP Photo/Mark Lennihan

Construction spending for February is out at 10 a.m. ET.

Economists polled by Bloomberg are looking for construction spending to stay flat, compared to a modest 0.1% rise the previous month.

Homebuilder confidence has been disappointing, now sitting at 47 showing that more builders view conditions as poor than good. Meanwhile, new home sales fell 3.3% in February and the slowdown was attributed to the extreme cold weather.