Construction spending beat expectations rising 0.9 percent month-over-month (MoM) in December.
Analysts polled by Bloomberg were looking for construction spending to rise 0.7 percent MoM.
November’s number was revised up to 0.1 percent.
Investors watch this number because of its direct bearing on homebuilder stocks and commodities.
Moreover, Bloomberg points out
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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