Meet the New Year. Same as the Old Year.
John Latta | January 4, 2010
Not what I wanted to see first day back.
This is a Bloomberg news agency story report via Business Week but pretty much every business publication is on the story.
Construction spending in the U.S. fell for the seventh straight month in November to the lowest level in more than six years, led by declines in homebuilding and fewer commercial projects.
The 0.6 percent drop followed a revised 0.5 percent decrease in October, previously reported as unchanged, Commerce Department figures showed today in Washington. Construction spending was down 13 percent in November from the same month a year earlier.
I’m going for the half-full approach. These numbers are from last year and reflect what was. I’m not prepared to guess what the next Commerce Department report will say, that limb is far too weak and slippery to walk out on. But enough with the pessimism. I will wait patiently for newer data.
MORE FROM The Roadologist
- VIDEO: CBS’s '60 Minutes' spotlights America's neglected infrastructure223 Views
- Texas leads U.S. equipment purchases in Q3, sales down 19 percent from 201392 Views
- What causes the most damage to our nation’s bridges?84 Views
- California, Florida DOTs named winners of America's Transportation Awards83 Views
- Obama names new highway safety chief82 Views