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Overall
construction spending
in the United States fell by 0.8 percent during August (well below expectations
of a 0.5 percent increase),
to a seasonally adjusted and annualized rate (SAAR) of $961.0 billion. The private
non-residential category led the decrease on both absolute (-$5 billion) and
percentage (-1.4 percent) bases. Also, July’s increase was lowered to 1.2
percent (from the initial +1.8 percent estimate).
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Click
here
for a discussion of August’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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