Construction Spending Climbs to and All Time High

Recently construction in the USA has increased greatly and is expected to climb even higher. The biggest factor of the recent increase is the rebuliding after hurricanes Katrina and Rita. Construction is up by 0.4 percent in august and that was before the hurricanes even struck so you can expect it to raise even higher. It is at an all time high of $1.11 trillion. But do you think construction rates will rise, considering the fact that mortgage rates are also rising and the fact that the construction companies hit by th hurricane may have also had to delay their jobs?