Construction Spending Falls
Dec. 1, 2006 -- Spending on construction projects in October fell by 1 percent to $1.178 billion, the Commerce Department said Friday.
Spending on private residential projects dropped by 1.5 percent from September, continuing a seven-month decline, while spending on public projects rose 0.8 percent, the report said.
The declines follow separate reports this week of weaker new-home sales.
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