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Slowing to a snail's pace, construction spending continues to fall. This fact will have some effects on the overall economy at some point. "Spending on private construction was at a seasonally adjusted annual rate of $863.2 billion, 1.4 percent below the revised September estimate of $875.2 billion. Residential construction was at a seasonally adjusted annual rate of $503.7 billion in October, 2.0 percent below the revised September estimate of $514.2 billion." See the full release Construction Spending Report Oct. 2007. http://www.discoverbuilding.com/entry/latest-construction-spending-data-shows-continued-slowdown/