The good times could keep rolling in construction, according to a pair of economists who spoke on Tuesday at a construction outlook event in Milwaukee.

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

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Construction spending is on course nationally to hit nearly $1.33 trillion this year.

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U.S. construction spending increased by 0.1 percent from July to August and by 5.3 percent in the first eight months of 2018, a large trade group reported on Monday.

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Spending on U.S. construction projects ticked up 0.1 percent in July, led by an increase in homebuilding and the publicly funded construction of schools and highways.

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Spending on U.S. construction projects edged up 0.4 percent in May, while April's figure was revised down significantly — signs that new building is still uneven despite the country's economic growth.

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U.S. construction spending dropped 1.7 percent in March, the biggest setback in 11 months, showing weakness in a number of sectors including the biggest plunge in home building in nine years.

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Spending on U.S. construction projects ticked up a mere 0.1 percent in February from the previous month, a sign that the country's growing economy is doing little to spur a more rapid pace for building homes, hospitals and highways.

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Spending on U.S. construction projects was unchanged in January, held back by a sharp fall in commercial-real-estate building.

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U.S. construction spending declined in June for the second time in three months, as spending on government construction projects plunged by the largest amount in 15 years.

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