WASHINGTON - Construction spending fell 0.9% to a seasonally adjusted estimated annual rate of $834.4 billion in July, the largest decrease in a year, the Commerce Department reported Tuesday.

The July rate dipped from a revised June estimate of $842.2 billion, originally reported as $842.1 billion, a 0.4% increase , but was 9.3% above the July 2011 estimate of $763.5 billion.

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