After housing prices have been trending higher, it was a bit of a surprising to see construction data pointing to a slowdown. Investors in banks like Wells Fargo (WFC 2.74%) are betting on the continued strength of the housing and construction market.
Despite the slowdown in overall construction spending, a deeper dive into the numbers reveals the impact of government spending trends on the numbers.
In the following video, Motley Fool banking analysts Matt Koppenheffer and David Hanson remind investors to tune out the monthly noise and focus on annual trends and how banks are affected.
