Spending on construction declined 0.5% in February to a seasonally adjusted annual rate of $1.14 billion, the Commerce Department said Friday. That was a decline from an upwardly-revised January, and outlays were higher than year-ago levels by 10.3% in February. Economists polled by MarketWatch had forecast a 0.1% gain. Residential construction rose 0.9% in February, and was 10.5% higher than a year ago.

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