Construction Spending Strong in February: 5 Stocks to Buy

The U.S. Census Bureau recently reported slightly lower Construction spending in February from January’s revised reading. The metric declined 0.3% month over month and missed analysts’ expectations of 0.7% due to weaknesses in non-residential and public projects.Nonetheless, the reported metric rose 10.7% from the February 2023 reading. Defying a decline in outlays on public projects, improved residential market, increased repair and remodeling activities, higher infrastructure investments and the Federal G ...