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Many consumers, he said, were simply afraid to make big commitments while uncertainty hung like a haze over the economy.
Economists said the commercial construction continued to be the source of weakness, reflecting reluctance by businesses to make big commitments.
And I'm ready to — and — and willing to make big commitments to make sure that we're locking in the kind of deficit reductions that stabilize our deficit, start bringing it down, start bringing down our debt.
While the residential side has been strong, analysts say, the commercial side of the construction market has remained weak, reflecting a reluctance by businesses to make big commitments in capital spending, including new factories and other buildings.
Similar(56)
The government was spurred on to make bigger commitments to child care when it became convinced that children's educational attainment, and therefore their power to earn, might be determined long before they got to school.
Analysts said investors were wary about making big commitments to stocks after their rapid recovery.
The problem with making big commitments, like marriage, at a young age is that you believe the future will take care of itself, when in fact, it often doesn't.
Investors are becoming more wary of making bigger commitments to stocks, wondering if prices are too high given six months of rallies and if third-quarter and yearly earnings will be good enough to support Wall Street's gains.
It's about getting to know someone before making bigger commitments.
"People are less willing to make big financial commitments".
The performance, much weaker than analysts had expected, represented the worst single month for new-home sales since January 1994, and, economists said, raised some new questions about consumers' willingness to make big financial commitments amid worries about a war in Iraq.
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