Ben Bernanke's mad money printing is making its impact.
Analysis of October's construction spending patterns by the Associated General Contractors of America found ongoing building expenditures running at a $872 billion annual rate. That's up 9.6 percent in a year – and the highest level of activity in 37 months.
Residential efforts ran especially strong: New single-family construction hit its highest mark since November 2008; multifamily construction hit a three-year high; and home improvements ran at a five-year high.
This is all a Bernanke manipulated boom---next stop price inflation 2013. All indications are that a perfect storm of price inflation is developing for 2013. Then what is the Fed mad man going to do?