Housing construction spending continued to decline in February, which contradicts much of the other (starts, prices, and sales) data suggesting that the housing market may have hit bottom.
Also reported today was a February increase in pending home sales.
Interestingly, non-residential construction stopped its brief decline, and remains higher than it was at the start of the recession and dramatically higher than it was during the housing boom.
Also reported today was a February increase in pending home sales.
Interestingly, non-residential construction stopped its brief decline, and remains higher than it was at the start of the recession and dramatically higher than it was during the housing boom.
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