2007-2008 construction to rise

According to Reed Construction Data's latest construction report, total construction spending declined in November 2006 for the seventh consecutive month, with several more months of small declines or little change expected. This is a weaker trend than expected early in 2006, so job-site construction spending will increase only 4.8% in 2006 on a full-year over full-year basis, even though the December to December change will be about 0.0%. As a result of the weak spending late in 2006, 2007 will see only a 2.6% annual average rise, while the December 2006 to December 2007 change will be about +5%. The expected turnabout to monthly gains in construction spending will be late winter or early spring. From that point, total spending will be rising at about a 6% to 7% annual pace through 2008. The turnabout will occur soon after the stabilization in housing starts, which will result in an upturn in new homes under construction. Your comment?