Construction spending declined modestly in September and then rebounded in October, making overall construction spending virtually unchanged since August. Some segments continued to outperform over the two-month period, such as data centers, power, transportation and public works projects. That said, most other categories fell back, demonstrating that high interest rates and economic uncertainty are still constraining activity. All told, the declines registered in private outlays support our outlook for continued near-term weakness in residential and structures investment. • Total construction spending declined 0.6% ... (full story)