Con­struc­tion spend­ing flat in May.

The Denver Post - - BUSINESS -

WASH­ING­TON» U.S. con­struc­tion spend­ing was flat in May with new home con­struc­tion fall­ing again, as buy­ers face climb­ing home prices and a lack of avail­able prop­er­ties on the mar­ket. The Com­merce De­part­ment re­ports no in­crease in con­struc­tion spend­ing in May, which fol­lows a new home con­struc­tion re­port two weeks ago show­ing that hous­ing starts fell for the third con­sec­u­tive month.

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