US construction spending fell in November for the first time in 17 months, reflecting weakness in spending on hotel and other private non-residential construction and government projects, the Associated Press reported.
Construction spending dipped 0.4 percent in November following a 0.3 percent increase in October, the Commerce Department reported Monday. It was the first decline in activity since a 0.7 percent dip in June 2014.
Home construction increased 0.3 percent but non-residential construction was down 0.7 percent, reflecting declines in a variety of categories including hotels.
