Residential Products Online content is now on probuilder.com! Same great products coverage, now all in one place!
billboard
Housing stays down despite increased consumer spending
A 0.5 percent increase in consumer spending in August reported by the U.S. Commerce Department did not extend to the housing market, which actually saw the number of signed contracts decrease for the month.
leaderboard2
Related Stories
American businesses stepped up investment spending in August despite the upheaval caused by bitter political fighting in Washington, and some economists raised their forecast for economic growth for this quarter.
As sales fell, the housing index also experienced a dip of more than 1 percent
The Obama administration is considering further actions to strengthen the housing market, but the bar is high.
Economists still divided on how upbeat the housing market should be about last month’s housing start numbers
The 0.3 percent gain in March, combined with February’s 1 percent gain, has construction spending as high as it has been in years
boombox2
boombox1
halfpage1
native1
catfish1
interstitial1