construction spending
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Started by bear - Aug. 4, 2020, 5:25 p.m.

y-o-y, spending is flat  (up 0.1%) for june.

i see this as good news.  especially since gdp is reported to be down by more than 30%.  

here, n.w. of tucson, there is still plenty of single family home construction going on.  

By cutworm - Aug. 4, 2020, 5:41 p.m.
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single family homes both new and existing are selling like hotcates here in Cincinnati area. I am expecting a slow down some time as lumber cost are very high. Some components are out of stock. Home prices should rise.


By wglassfo - Aug. 5, 2020, 10:21 a.m.
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Unless you have some sort of gov't backing the banks require a 20% down payment and a RICO score of 700, which means they have very few new house loans

Does Freddie and Fannie do a lot of housing loans

Are they very lenient on new loans

1st time buyers or down sizing???