US construction spending falls 0.8% in May

WASHINGTON (AP) — Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month.
The Commerce Department says spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion. Spending In April was revised up from a flat reading to a small gain of 0.4%.
The weakness in May was widespread with spending on single-family homes and apartments down 0.6% while no