Friday, January 2, 2015

November 2014 U.S. Construction Spending

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Overall construction spending in the United States fell by 0.3% during November (against expectations of a 0.4% increase), to a seasonally adjusted and annualized rate (SAAR) of $975.0 billion. The public construction category led the decrease on both absolute ($4.7 billion) and percentage (-1.7%) terms. 
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Click here for a discussion of November’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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