*Single-family construction spending is up from last month and - TopicsExpress

*Single-family construction spending is up from last month and last year. The trend is for moderate growth, coinciding with improved home builder optimism. *Good for buyers: Julys seasonally adjusted home prices fell in most of the 20 cities studied by Case-Schiller. Better affordability could re-energize the market. *Augusts pending home sales fell slightly, probably because of less investor involvement. Steady mortgage apps in September could bode well for the future. Thanks to Cobalt Mortgage Bob Winston for the info.

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