US construction spending unchanged in July

WASHINGTON (AP) — U.S. construction spending was unchanged in July as weakness in spending on government projects offset gains in home building and the strongest month for non-residential construction on record.

Construction spending was flat in July but declines in May and June were revised to show slight gains, the Commerce Department reported Thursday.

The advance in July was led by a 1.7 percent increase in spending on non-residential projects which rose to an all-time high of $429.5 billion at a seasonally adjusted annual rate.