Housing Slump Hampers Construction Spending

BusinessHousing Slump Hampers Construction SpendingHousing Slump Hampers Construction SpendingThe Associated PressConstruction spending fell again in April as home building continued a more than two-year-long slide. The weakness was offset somewhat by an increase in non-residential spending activity which climbed to a record level. (June 2)Construction spending fell four-tenths of a percent in April as home building continued its more than two-year-long slide. The weakness was offset somewhat by an increase in non-residential spending activity, which climbed to a record level. Private residential housing construction dropped by 2.3 percent in April, the 26th consecutive monthly decline. Private non-residential activity, however, rose by a strong 1.6 percent With the construction industry taking a beating by the housing slump, construction spending hasn't seen an increase since last September. The Institute for Supply Management meanwhile said its index of manufacturing activity edged up to 49.6 in May compared to an April reading of 48.6. Even with the increase, the manufacturing gauge remained just below a reading of 50, the dividing point which indicates whether manufacturing is in a recession. ___ ___, The Associated Press.(****END****)

Category:

News & Politics

Tags:

• economy
• housing
• slump
• hampers
• construction
• spending

[jobedied]

Hello shaft2009 it is now a year after you wrote that and the shit is still hitting the fan. But not to worry the boys will just print up nother four or five trillion or so and put it on the tax payers back.

[Shaft2009]

I am sure good times are round the cornor. just wait for another six months and you will see the economy bouncing back up. I am sure that Democrats are ready to roll with Pres. Obama on the drivers seat.

[ManufacturedThoughts]

This was all artificially created by US Federal Reserve Bank and it's M3 growth. Right now M3 is near 16% but our economy is growing at less than 2%. We have a very minimum of 9 to 10% inflation . The CPI is computed to make things look better than they are. If the FED is increasing money at 16% and the economy is in a recession that mean one thing HIGH INFLATION.

[ikekll]

Vice President Cheney is actually a blood relative of Bush. Hard to believe? It's true!

The Monarchy must stop.

More links to the Monarchy that has destroyed this country.

watch?v=8ToLtEmYhBQ

[ikekll]

A must watch:

What the government doesn't want you to know

watch?v=r0HWpa1k-2M

"This is a video about the upcoming martial law, executive orders that support it, and concentration camps.

You might want to turn the volume down a little and might have to pause on a couple of pages.

I recommend you check out the video I put this one in response to. It shows you Bush's family tree."

[ikekll]

"The Fed under Bernanke is adding liquidity to the banking system to avoid a worsening of the crisis. Bernanke knows how serious and devastating bank failures can be for the US economy. One would hope the crisis will be contained otherwise a deep recession/depression may not be out of the question. However one should be very concerned about the Feds giving taxpayers money to banks, who made risky investments and lost their shirts.

Bear Stearns Subprime Mortgage Blues

watch?v=p59Xxh7qols

[ikekll]

June 2. - For the 4th month in a row US manufacturing contracted, and inflation pressures are mounting. A new report from the Institute of Supply Management is fueling concerns about rising prices...

New fears of economic stagflation

watch?v=h8NAzGVFWI0

[ikekll]

The Reason John McCain Wants Iraq War To Continue (war profiteering)

June 2, 08

watch?v=e2rcfWf3XFo

[ikekll]

Investors tremble on banks downgrade

June 2. - U.S. stocks fell one percent on Monday on resurfacing worries the worst of the banking sector is not over and may still threaten the broader economy.

watch?v=qdKnLtpLtcU

[ikekll]

Hegel, THE MEDIA, 'Conspiracy Theories' and You. Pt.2

watch?v=EWL9mF6Evcs