Construction spending unexpectedly declined in February, with strength in single-family output more than offset by weakness in private non-residential and public outlays.
Private residential output up 0.7% m-o-m (6.3% y-o-y) in February; Building permits up 2.4% m-o-m (2.8% y-o-y).
Private non-residential output down -0.9% m-o-m (12.6% y-o-y) in February; Architecture Billings Index (ABI) up to 49.5 in February from 46.2 in January (< 50, contraction).