Construction Companies Rebuilding
In today's economy, few industries seem more in pain than construction. We all know about the overbuilding that occurred before 2008 and the resulting collapse of the real estate market.
Yet, while the construction industry is still in the doldrums, it is starting to show signs of life. The Commerce Department reports that spending on construction rose 1.2% in November, the third increase in the last four months and the largest increase since August's 2.2% rise. Note that construction spending, according to The New York Times, is at barely half the rate that economists consider healthy: On a seasonally adjusted annual rate, spending on construction in the U.S. is now $807 billion vs. the desired $1.5 trillion....494 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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