A separate report showed that U.S. construction spending rose in December, with strong gains in home building and business investment outweighing a sharp drop in public works spending by state and local governments.
It's getting better all the time. this going to be a great year for homebuilders imo.
Construction spending increased 0.9 percent to an annual rate of $885 billion, the Commerce Department said on Friday. Analysts polled by Reuters had expected a 0.6 percent gain.