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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Construction Spending Not As Bad As Expected

It passes for good news these days: The Commerce Department said that construction spending fell by .3 percent September, less than the .8 percent expected.

Housing provided no relief -- construction dropped 1.3 percent; it has fallen every month but two over the past 30 months.

But that drop was slightly offset by non-residential construction spending, as malls and office buildings kept going up.

-- Frank Ahrens

By Frank Ahrens  |  November 3, 2008; 12:44 PM ET
Categories:  The Ticker  
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Next: October Ford Sales Crash

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