WASHINGTON — U.S. construction spending fell for a second month in May, with weakness in all areas of building.
The Commerce Department says construction spending declined 0.8
Spending on housing was flat as a 1.8
Government activity dropped 2.3
The back-to-back declines in overall construction caught analysts by surprise. They had been expecting a rebound following the big drop in April. Economists still expect construction will be a positive for the overall economy.