Construction spending for the month of September increased by 0.5%.
It was expected to fall 0.5%.
In August, construction spending increased 0.4% after a steep decline in July.
So that means we have 2 months of consecutive growth.
Markets have continued to push on this morning, even though we had disappointing consumer data earlier.
- Dow up 0.91%
- NASDAQ up 0.80%
- S&P 500 up 0.84%
Don’t believe the hype? Here are 15 reasons why the housing market is headed for a complete and total collapse >
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