Here Comes Construction Spending...

home construction in san diego, california

Construction spending for February is out at 10 a.m. ET.

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Economists polled by Bloomberg are looking for construction spending to rise 1 per cent month-over-month.

This compares with a 2.1 per cent decline in January.

Investors watch this number because it offers insights into the housing market and therefore, into homebuilder stocks.

It is also a good gauge of the overall health of the economy, because businesses and governments invest in new infrastructure when they are feeling confident about the economy.

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