{"id":7562,"date":"2010-02-02T10:15:46","date_gmt":"2010-02-02T15:15:46","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=7562"},"modified":"2016-09-20T06:01:55","modified_gmt":"2016-09-20T10:01:55","slug":"construction-spending-the-dip-is-here","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2010\/02\/02\/construction-spending-the-dip-is-here\/","title":{"rendered":"Construction Spending &#8211; The Dip Is Here"},"content":{"rendered":"<p>There has been little talk of the need for the real estate and construction outlook to improve in order to lead this economy out of a stalled recovery. In other words, a few months ago as there were &#8220;green shoots&#8221; \u00a0 showing an increase in pending home sale, new mortgage applications, housing permits and the like, there were cheerleaders shouting that we are &#8220;out of the woods.&#8221;<\/p>\n<p>Now where are they to tell us how great the housing market looks?<\/p>\n<p>Click <strong><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/index.php?s=housing\">HERE<\/a> <\/strong>for our past commentary on housing and construction.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/02\/Construction-20100201-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7563 aligncenter\" title=\"Construction 20100201\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2010\/02\/Construction-20100201-1.jpg\" alt=\"\" width=\"594\" height=\"348\" \/><\/a><\/p>\n<p>Construction Spending Dips in December &#8211;<strong> <a href=\"http:\/\/www.briefing.com\">Briefing.com<\/a><\/strong><\/p>\n<blockquote><p>Construction spending fell 1.2% in December after declining a downwardly  revised 1.2% in November.<\/p>\n<p>The consensus expected construction spending to fall 0.5%.<\/p>\n<p>Private residential construction fell 2.8%, which was in-line with the 4.0%  drop in new housing starts.<\/p>\n<p>Private non-residential construction posted a slight 0.2% gain in December  after falling 0.9% in November. Some recently hard hit sectors such as office,  commercial, and educational construction posted significant gains over the  month.<\/p>\n<p>For the past few months, the consensus has been predicting that construction  spending growth would be reversed as residential expenditures bounced off their  June 2009 bottom while non-residential construction remained in a downward  movement through the middle of 2010.<\/p><\/blockquote>\n<p>___<\/p>\n<p>Disclosure: <a title=\"Horowitz &amp; Company\" href=\"http:\/\/www.horowitzandcompany.com\">Horowitz &amp; Company<\/a> clients may hold positions of securities mentioned as of the date published.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There has been little talk of the need for the real estate and construction outlook to improve in order to lead this economy out of a stalled recovery. In other words, a few months ago as there were &#8220;green shoots&#8221; \u00a0 showing an increase in pending home sale, new mortgage applications, housing permits and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[481,483],"class_list":["post-7562","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economy","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/7562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=7562"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/7562\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=7562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=7562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=7562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}