Tuesday, September 2, 2014

July 2014 U.S. Construction Spending

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Overall construction spending in the United States rose by 1.8 percent during July (the largest month-over-month increase since May 2012), to a seasonally adjusted and annualized rate (SAAR) of $981.3 billion. The public construction category led the overall increase on both absolute and percentage bases.
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Click here for a discussion of July’s new residential permits, starts and completions. Click here for a discussion of new and existing home sales, inventories 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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