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Breaking out the crystal ball (access required)

It’s the time of year to make predictions about the rest of the year. But when it came to speculating on what Charlotte-area’s real estate market will be like in 2012, The Meck Times’ newsroom denizens said they were still recovering from the holidays and unable to make an educated guess.

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Construction spending rises for 3rd straight month

U.S. builders spent more in October on homes, offices and shopping centers, pushing construction spending up for a third straight month. Despite the gains, construction spending remained depressed. Construction spending rose 0.8 percent in October to a seasonally adjusted annual rate of $798.5 billion, the Commerce Department said this month.

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