Commerce Department report states that construction spending was at an all time high in September, and that consumer spending is still strong.
November 4, 2005 (Press Release) --
HomebuilderStocks.com Reports – Homebuilder Sector Hits Milestone: All Time Construction Spending High
Commerce Department report states that construction spending was at an all time high in September, and that consumer spending is still strong.
www.HomebuilderStocks.com, (HBS) a global investment news and research portal for the homebuilder sector, reports that the month of September saw the homebuilding sector hit another milestone. According to a Commerce Department report, construction spending in September reached an all time high of $1.12 trillion as homebuilders took advantage of low interest rates. While September’s interest rates were still low, analysts predict that the Federal Reserve will be hiking rates up to combat inflation concerns as energy prices rise. Even though rates look set to rise, the homebuilding sector is well positioned as many parts of the country need to be rebuilt following recent hurricane activity.
Full News: http://investorideas.com/Companies/ViewDocument.asp?ID=3620
Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Commerce Department report states that construction spending was at an all time high in September, and that consumer spending is still strong.
www.HomebuilderStocks.com, (HBS) a global investment news and research portal for the homebuilder sector, reports that the month of September saw the homebuilding sector hit another milestone. According to a Commerce Department report, construction spending in September reached an all time high of $1.12 trillion as homebuilders took advantage of low interest rates. While September’s interest rates were still low, analysts predict that the Federal Reserve will be hiking rates up to combat inflation concerns as energy prices rise. Even though rates look set to rise, the homebuilding sector is well positioned as many parts of the country need to be rebuilt following recent hurricane activity.
Full News: http://investorideas.com/Companies/ViewDocument.asp?ID=3620
Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
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