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Overall
construction
spending in the United
States SAAR )
of $934.4 billion -- the highest level since March 2009. The increase derived primarily
from an $8.2 billion (2.7 percent) advance in private non-residential spending.
Private residential spending followed close behind, with a $6.3 billion (1.9
percent) increase. Public construction spending declined by $5.2 billion (1.8
percent), especially expenditures on roadways, health care facilities and sewer
systems.
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Click
here
for a discussion of November’s new residential permits, starts and completions.
Click here
for a discussion of new and existing home sales, inventory and prices.
The foregoing comments represent the
general economic views and analysis of Delphi
Advisors, and are provided solely for the purpose of information, instruction
and discourse. They do not constitute a solicitation or recommendation
regarding any investment.
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