US construction spending fell 2.1% in May
Both both home building and nonresidential activity declined
WASHINGTON — U.S. construction spending fell for a second month in May with both home building and nonresidential activity declining.
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The Commerce Department said May activity dropped by 2.1% following an even larger 3.5% fall in April as the construction industry was rocked by the shutdowns triggered by the coronavirus pandemic.
In this Dec. 3, 2019, file photo, workers erect a building under construction in Philadelphia. (AP Photo/Matt Rourke, File)
Home building dropped 4% with construction of single-family homes down 8.5%. Nonresidential construction dropped 2.4% with office building and the category that covers shopping centers both down.
Spending on government construction projects rose 1.2% in May.