Where to Buy

What is your zip code?

 
 
 
  Feedback

Comments? Suggestions? Compliments? Complaints? What's on your mind?



Your name:

Your e-mail address:

Taco frequently sends emails on product updates and other announcments. If you want to subscribe please click here.



SUBMIT FEEDBACK
 
 
 
  Rate the information on this page
(1 = Least helpful - 5 = Most helpful)

Thanks for voting!
 
 
 
  We're Here to Help

How can we help? Please choose a category for immediate help.






 
 












Need Help?
Rate the web
site
Leave a
comment

Construction Spending Stronger than Expected


U.S. construction in November was stronger than analysts had expected, according to data from the U.S. Commerce Department and a Reuters poll of Wall Street analysts.

Public spending for the month increased 1.4%, with the Federal government leading the way with a 6% increase and the states lagging with a 1% gain in spending. Total public spending was at a record rate of $322 billion in November, CNNMoney reported.

On the other hand, homebuilding continued to fall. Private homebuilding spending declined 4.2% in November, to its lowest annual rate since 1999, according to CNNMoney.

Other homebuilding data shows that sector continuing to weaken into the new year. The Pending Home Sales Index, considered a forward-looking indicator of home sales, fell again in November, to its lowest level since the index began in 2001, according to U.S. News and World Report.com. Year over year the index is down 5.3% from November 2007.

Several commentators noted that the relative strength of construction spending versus expectations precedes what is anticipated to be a large Federal stimulus package when the new Administration takes over in Washington. This bodes well for the stimulus to be effective in boosting economic growth in 2009.