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Overall
construction spending
in the United States increased by 0.2 percent during April, to a seasonally
adjusted and annualized rate (SAAR) of $953.5 billion -- the highest level
since March 2009. The increase derived primarily from a $2.2 billion (0.8
percent) rise in public spending. Private residential spending ticked up by $0.2
billion (0.1 percent) while the private non-residential construction component
fell by $0.5 billion (0.1 percent).
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Click
here
for a discussion of April’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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