Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Builders keep retrenching

? A new way to hedge against falling housing values |


| Where the Loan Eagles Have Flown ?

September 01, 2006

Builders keep retrenching

Peter Coy

Here's what Global Insight economist Patrick Newport says about today's data on July construction spending:

Construction spending fell 1.2% in July. The deteriorating housing market accounted for most of the drop.

Private residential spending fell 2.0%, while private nonresidential spending edged up 0.3%. Public construction spending fell 0.7%.

The downturn in housing starts accounted for the 3.0% drop in single-family residential construction. This category will continue to drop until housing starts stabilize.

Nonresidential construction posted its 11th monthly increase in 12 months. Public construction fell for the first time in 10 months.

02:19 PM

Home builders

TrackBack URL for this entry:

amazing cover story in businessweek on the option arm neutron bomb.

kudos to your staff. one of the best bubble exposes I've read

keith - housingpanic

Posted by: keith at September 1, 2006 03:51 PM

Englewood, Fl. (6) new housing developments being built in 10 mile area of where I live. Since Englewood is a small town, what will all the new housing do to present home sellers ?

Posted by: Denver at September 1, 2006 04:36 PM

blog comments powered by Disqus