WASHINGTON | US construction spending down 0.1% in October

3Dec - by Editor - 0 - In STL.News



WASHINGTON — Spending on U.S. construction projections fell 0.1% in October, the third consecutive monthly decline, as weakness in home building and non-residential construction offset a rebound in government projects.

The October decline matched a similar 0.1% drop in September and followed a 0.4% fall in August, the Commerce Department reported Monday. Construction has been weak since peaking in May with declines in four of the five months since that time, reflecting in large part the challenging facing home builders.

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