August construct spending +0.5% vs +0.4%....>

US DATA: August construct spending +0.5% vs +0.4% expected, while 

July construct rev down to -1.2% (prev -0.6%), but June construct rev 

up to -0.8% (prev -1.4%). Private spending +0.4%, with private 

residential building +0.4% and nonresidential building +0.5%. Private 

1-family home construct +0.3% and multi-family +0.9%. Residential 

construct excluding new homes +0.5% from a rev down +0.3% in July, 

according to an MNI calculation. For private nonresidential construct, 

there were generally gains, partially offset by declines in 

communication and manufacturing. Public construct +0.7%, with state and 

local govt construct +1.1%, but Federal construct -4.7%. See MNI main 

wire.