December Single Family Housing Spending Unchanged but Multi Family Housing Spending Drops 9%
Single family construction spending was unchanged in January. This continuing stall after the mid-2009 pickup is due both to bad weather and the timing of the on-off-on down-payment subsidy. Nonetheless, the underlying trend is still modest growth, says Reed Construction Data chief economist Jim Haughey.
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December Single Family Housing Spending Unchanged but Multi Family Housing Spending Drops 9%
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