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The Commerce Department reported that housing starts unexpectedly jumped 22.2% in February to a seasonally adjusted annual rate of 583,000 units. This ended the longest streak of declines in 18 years. Economists had anticipated a 3.4% decline to 450,000 units. Leading the surge was an 82% increase in the building of multifamily homes — condominiums, apartments and townhouses — to 226,000 units in February from 124,000 in January. Housing starts for single-family homes rose 1.1% to 357,000 units. Building permits for single-family homes climbed 11% in February to 373,000, compared to 336,000 in January.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending March 13 increased 21.2% to 876.9 from the previous week. Purchase volume rose 1.5% to 257.1, while refinancing applications jumped 29.6% to 4,497.6.

The Federal Reserve reported that industrial activity at the nation’s factories, mines and utilities fell by 1.4% in February. Economists had expected a decline of 1.2%. The factory-operating rate was down to 67.4% of capacity in February, the lowest level on records dating back to 1948. On a positive note, motor vehicle and parts production rose 10.2% after four consecutive months of declines.

The National Association of Home Builders/Wells Fargo housing market index in March stood at nine, the same level it was in February. The index hit a record low of eight in January. An index reading higher than 50 indicates positive sentiment about the housing market. The index has been below 50 since May 2006, and below 20 since April 2008.

On Tuesday, March 17, the Labor Department reported the producer price index, which tracks wholesale prices, rose 0.1% in February. Economists had expected a 0.8% increase.

The Labor Department reported Wednesday that consumer inflation rose 0.4% in February, the biggest one-month jump since a 0.7% rise in July 2008. The increase was largely due to an 8.3% rise in gasoline prices.

The Conference Board reported Thursday that its index of leading economic indicators fell 0.4% in February. That was slightly better than the 0.6% decline economists had expected. The index is designed to forecast economic activity in the next three to six months.

Upcoming on the economic calendar are reports on existing home sales on March 23, and durable goods orders and new home sales on March 25.

Let’s face it, if you don’t have your own Home Business going that takes full advantage of the legal tax breaks and helps offset the falls and shutdowns taking place in the global economy…

Then you have no security and you are giving $1000′s back to the government that is rightfully yours.

Start your own real (legally tax deductable) FREE Multi-Income Home business right now – Complete with online video training at:

www.SpidersMarketingWeb.com

Isn’t it time you took control of your own destiny?

www.SpidersMarketingWeb.com

Get started now!

Wes Waddell

www.SpidersMarketingWeb.info (BLOG)

If you are using twitter, you will definitely want to use the free following system out.

Wes, It costs nothing ever, and even comes with 3 no cost gifts just for using it. It will grow your followers on twitter automatically for you once you start the system.

Its free, its cool, and it works.

If you are not Twittering… you are missing out on the Social Traffic Gold Mine of the year.

http://www.twitteringfortraffic.com/testingtweeter

Enjoy!

Wes

www.Referals.ws
www.SpidersMarketingWeb.com
28115 N. Spotted Rd.
Deer Park, WA  99006

I just found out that the Federal Reserve has announced that in 2008, household wealth in the USA alone dropped $11.1 trillion, or about 18 percent. They also noted that the added drop in the US stock market so far this year has also erased trillions more in the USA’s collective wealth.

That made me think that the chances are pretty good that, like most Middle Income Americans, you’ve probably got some serious “Income Losses” to make up for!  Am I not right?

Then, is it OK if I suggest something other than sitting around and waiting for the stock market and the economy to recover (it’s certainly not happening anytime soon…)???

I’m going to suggest to you that it’s time to start building your own personal new income stream on the Internet.

You see, I’ve learned that when you have your own home side-business, you are making an investment over which YOU now have TOTAL control. Let’s face it, in times like these, that sort of security is like having your own Fort Knox Gold Supply.

Yes, it’s true that brick-and-mortar retailers are having a really rough time right now… and will continue to see problems for the near future. But, I’m talking about setting up your own home business online, where there are almost no start-up costs and the opportunity is great for some very handsome profits. Yes, even today!

Amazon, which just had its best holiday season EVER along with most of the other online retailers, have seen their monthly revenues shoot through the roof.  This, even as traditional brick and morter retailers like Toys -R- Us and Circuit City go under. Online consumer spending was $34.4 billion in the third quarter of 2008 alone – a 5.7% profit increase over the year before!

Now, it’s your turn!

As a Home Business Internet Entrepreneur your customer base (total number of customers available to buy from you) will be the more than 1.4 billion web surfers online worldwide today.

Here at SpidersMarketingWeb.com, we’ve created a FREE new training program especially designed for beginners that gives you everything you need to get a home based web business up and running in no time flat.

I urge you to check it out today. You could put an extra $15,000 or more in your pocket starting this year.

Wes Waddell,
SpidersMarketingWeb.com

PS: In this Totally FREE comprehensive video training program, we’ve meticulously documented every thing you need to know in order to become a real successful company.

Take your finances into your own hands! Here’s a quick look at how it works…

 Here’s to YOUR Success!

United Technologies announces layoffs for nearly 12,000 workers
With no economic recovery in sight, United Technologies Corp. says it will shed 11,600 jobs this year, reducing its workforce by 5%. UTC’s diverse portfolio — including Pratt & Whitney jet engines, Sikorsky helicopters, Hamilton Sundstrand aerospace components, Otis elevators and Carrier air conditioners — has shielded the company from past downturns, but nearly every business line is suffering in the current recession. The company said Tuesday it now expects 2009 revenues to fall $2.7 billion short of projections made just three months ago. Pratt & Whitney, for instance, was expecting 20% growth in shipments of business-jet engines, but now expects shipments to be flat after a spate of negative publicity for business aviation. Forbes (3/10) , The Wall Street Journal (subscription required) (3/11)

Get your own FREE Home Business Training by online video – The multi-income stream business you start for FREE.

Check it out at: www.SpidersMarketingWeb.com

On Monday, March 2, the Commerce Department reported that consumer spending rose more than expected in January after declining for a record six consecutive months. Consumer spending rose 0.6%, better than the 0.4% gain that economists expected. Consumer spending fell 1% in December 2008, after a 0.8% decline in November 2008.

Also on Monday, the Commerce Department reported total construction spending fell 3.3% in January, more than the 1.5% decline economists had expected. It was the fourth consecutive monthly decrease. Construction spending fell 1.4% in December.

On Tuesday, the National Association of Realtors reported that its pending home sales index, a forward-looking indicator based on signed contracts, fell 7.7% to 80.4 in January.

The Institute for Supply Management reported the monthly index of manufacturing activity rose in February to 35.8 from January’s 35.6. Economists had expected a reading of 33.8. Figures below 50 indicate contraction, making February the 13th straight monthly decline in manufacturing.

On Thursday, the Labor Department said that productivity fell at an annual rate of 0.4% in the fourth quarter of 2008. That’s down from the 1.3% increase in the third quarter and 3.6% growth rate in the second quarter.

The Commerce Department reported factory orders declined by 1.9% in January. It was a record sixth straight drop but much less steep than the revised upward 4.9% in December and the revised upward 6.5% in November.

The personal savings rate rose to 5% in January, a 14-year high. But that was bad news for U.S. auto makers. At Ford sales fell 48.2% in February. Chrysler saw a 44% drop in sales in the month of February. And GM reported vehicle sales decreased 52.9% in February.

Upcoming on the economic calendar are reports on wholesale trade on March 10 and retail sales on March 12.

It’s really easy these days to get caught up in all the bad economic news that’s out there.  I know, I used to be in one of those jobs that was very effected by economic trends and government spending… I was a government contractor.

Now, I run my own home business from home and don’t worry too much about what the economy does.  Right now, I’m growing where most are declining. 

If you are looking for a totally FREE way to get started with your own real job security… then Click here to visit my website and Start Today!

Wes Waddell

www.SpidersMarketingWeb.com – Your FREE Multi-Income Stream Home Business Video Training Site.