For the fifth consecutive month, builders increased spending in December, the Commerce Department said today. The figures tempered yesterday's news that home prices in most markets tracked by the S&P/Case-Shiller index had slipped 1.3 percent in November.
Originally published on Mon January 30, 2012 6:45 am
In December, personal income climbed 0.5 percent, while disposable income rose 0.4 percent. New figures released today from the Commerce Department also show that consumer spending was flat, increasing 0.1 percent from the month before.
While the AP reports that rise in income was the most in nine months, the news is a mixed bag.