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Overall
construction spending
in the United States fell 1.1% during January (versus expectations
of +0.3%), to a seasonally adjusted and annualized rate (SAAR) of $971.4 billion.
Private construction spending dropped 0.5%. Outlays on residential projects
rose 0.6% while non-residential shrank by 1.6%. Spending on public construction
projects decreased 2.6%.
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for larger view
Click
here
for a discussion of January’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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