U.S. construction spending fell 2.1% in May, though the level of homebuilding was above the year-ago level, according to a government report on Wednesday. Combined homebuilding and nonresidential construction outlays totaled $1.36 trillion at a seasonally adjusted annualized rate, down from $1.39 trillion in April, the Census Bureau report said. Residential construction fell 3.9% from […more]
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