By Jann Swanson | Mortgage New Daily
Construction spending in August declined slightly from its July pace the Census Bureau said on Monday. It was the third consecutive month it has fallen. Public and private expenditures across all sectors was at a seasonally adjusted annual rate of 1.142 trillion, down 0.7 percent from July’s rate of 1.150 trillion and 0.3 percent below the August 2015 estimate of 1.145 trillion. The July figure was revised down from an original estimate of 1.153 trillion, a -0.3 change from June rather than statistically unchanged.
