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Construction spending drops 0.4 percent in May

Post Time:Nov 12,2013Classify:Industry NewsView:46

Construction spending fell in May for the 11th time in the past year as a continuing slump in housing offset strength in nonresidential building. The Commerce Department reported Tuesday that construction spending dropped 0.4 percent in May, slightly less than had been expected. There was strength in spending on hotels and office buildings, according to a July 1 article in the Miami Herald.

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Source: http://www.glassmagazine.com/news-item/commercial/construction-spending-drops-04-percent-mayAuthor:

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