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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Monday, February 3, 2014

December 2013 U.S. Construction Spending

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Overall construction spending in the United States increased by 0.1 percent during December, to a seasonally adjusted and annualized rate (SAAR) of $930.5 billion -- the highest level since April 2009. The increase derived entirely from an $8.8 billion (2.6 percent) rise in private residential spending. Public construction spending declined by $6.2 billion (2.3 percent) while the private non-residential component fell by $2.1 billion (0.7 percent).
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Click here for a discussion of December’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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