Consumer spending was up for the 8th straight month in April and rose 0.7% in February, 2011. However, vacancies are up too. Residential vacancies largely steeped by foreclosures are depressing home prices and values and future numbers don’t look promising. Vacancies are up 13% over last week’s report and up 12.1% from 2007 levels. But despite the vacancies, in late 2010 the economy grew better than analysts expected. The commerce department showed the Gross Domestic Product (GDP) was up 3.1% in the last quarter of the year, due partially to large rises in corporate profits.