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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Monday, February 2, 2015

December 2014 U.S. Construction Spending

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Overall construction spending in the United States rose by 0.4% during December (against expectations of a 0.7% increase), to a seasonally adjusted and annualized rate (SAAR) of $982.1 billion. Private construction spending edged up 0.1%, with outlays for power projects falling 1.0% and spending on transportation dropping 1.4%. Outlays on residential projects rose 0.3%. Residential spending was lifted by gains in both single- and multi-family homes as well as renovations. Spending on public construction projects increased 1.1% in December, and continues to be much stronger than the private sector. 
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Click here for a discussion of December’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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