Construction spending blips

Construction spending blips

The Commerce Department reported that construction spending increased 0.3 percent in March, the best showing since a similar rise last September, as strength in nonresidential projects and government building offset a further slide in housing. Economists surveyed by Thomson Reuters had expected spending to drop 1.5 percent. The rebound may be temporary, however, given that the severe financial crisis has made it hard for builders to obtain financing. Spending on private residential projects fell 4.2 percent in March, the latest in a series of declines that began three years ago when the housing bubble burst.

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Carlos Salinas
"Real Estate Magician"

Leading Cause of Financial Crisis for an American family

Do you know what the leading cause of financial crisis for an American family are? It could that one event in their lives derails them ie. A loss of a job, an illness etc, or it could be a series of events.

According to the Debt Solutions of American average client profile, the cause of financial problems are broken down accordingly:

Excessive use of credit / Over Obligation: 39%

Reduced Income / Unemployment: 24%

Poor Money Management : 15%

Divorce / Separation: 8%

Other: 14%

Carlos Salinas
"Real Estate Magician"