U.S. Construction Spending Declines in January Amid Rising Interest Rate Pressures

U.S. construction spending took a step back in January 2025, marking a 0.2 percent decline from the previous month, according to a new report from Wells Fargo Economics. The pullback was driven by a 0.5 percent drop in residential construction, which ended a three-month streak of gains. Despite continued growth in single-family construction, declines in […]