CONSTRUCTION SPENDING HITS RECORD LEVELS FOR SECOND MONTH IN A ROW, IS UP BY 4.9 PERCENT FOR THE FIRST THREE MONTHS OF THE YEAR

Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America. Association officials said many firms are…