Construction spending fell 0.6% in June to a seasonally adjusted annual rate of $883.9 billion, according to a Commerce Department report (link opens as PDF) released today.

With May's gains revised up more than twofold, to a 1.3% improvement, analysts' estimates for a 0.4% gain proved unattainable for June's report.

Source: Commerce Department 

Private construction tapered off 0.4% to a seasonally adjusted annual rate of $622.8 billion. While residential construction remained similar to May's, nonresidential construction fell 0.9%.

After helping boost May's numbers higher, public spending on construction fell 1.1% to a seasonally adjusted annual rate of $261.1 billion. Education construction dipped 0.4%, while highway construction took a 2.8% hit.

Over the past 12 months, overall construction spending has increased 3.3%.

Fool contributor Justin Loiseau has no position in any stocks mentioned. You can follow him on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.

The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.