U.S. construction spending fell 0.3% in May. Growth in housing, the economy's standout performer, slowed while activity in areas most directly impacted by the pandemic showed further weakness.
Spending on U.S. construction projects increased 0.9% in November as strength in home building offset weakness in other parts of the construction industry.
U.S. construction spending fell again in June, marking the fourth straight monthly decline as the coronavirus outbreak continues to wreak havoc on the economy.
U.S. construction spending fell 2.9% in April, showing the largest drop in 18 months, with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.