December Construction Spending Up 0.9% | Waccabuc Real Estate

Construction spending beat expectations rising 0.9 percent month-over-month (MoM) in December.

Analysts polled by Bloomberg were looking for construction spending to rise 0.7 percent MoM.

November’s number was revised up to 0.1 percent.

Investors watch this number because of its direct bearing on homebuilder stocks and commodities.

Moreover, Bloomberg points out

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