US Homebuilder Confidence Suffers a Downturn in February

This month US builders have seen their confidence levels in the housing market sharply decline, largely due to the severe weather that has affected much of the country and which is keeping buyers at home. The cold weather and winter storms have affected builders’ anticipation of sales before the spring home selling season begins, and

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Construction Spending Growth Offers Hope for Economic Recovery

Construction industry spending, on single-family housing, apartments and remodeling projects grew last November as the economy made a strong finish to 2011, another positive sign that indicates the US economy may finally be entering its recovery phase.

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