For this month private construction spending rose 1.7 percent in April. The most interesting information I find for April is that Home prices are down in 20 cities to the lowest level since 2003. Construction began on on 523,000 houses in April, next month should be a boost when they get all the debris cleared from all the tornado damaged homes in the South last month.

Overall it looks like the housing market is taking a nose dive, maybe due to storms and flooding. Lets hope May does better.