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Overall
construction spending
in the United States edged up by 0.1 percent during May, to a seasonally
adjusted and annualized rate (SAAR) of $956.1 billion -- the highest level
since March 2009. The combination of a $3.6 billion (1.1 percent) jump in private
non-residential and $2.8 billion (1.0 percent) rise in public spending
contributed to the overall increase. Private residential spending tumbled by $5.3
billion (0.3 percent).
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Click
here
for a discussion of May’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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