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Construction spending rose in June, but just barely

Construction spending rose 0.3% in June. This is nothing to write home about. In a word, construction spending is practically flat.

The true state of affairs is that construction spending, at $965.7 billion, is down 10.2% from last year. Now that nothing to sneeze at but it is way off from our peak spending.

The good news is that new and existing home sales rose in June by the largest amount in eight years. But again, keep in mind that we are coming off very low numbers.

Continue reading Construction spending rose in June, but just barely

Employment, motor vehicle sales, consumer credit on this week's schedule

Here's a look at what's on the economic calendar for the week of January 5, 2009:

For expectations from some of this week's earnings releases, see The week in preview: Family Dollar, Bed Bath & Beyond, KB Home, and others.

Symbol Lookup
IndexesChangePrice
DJIA-187.9610,276.44
NASDAQ-45.492,130.56
S&P 500-22.851,087.78

Last updated: November 27, 2009: 09:57 AM

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