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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, June 1, 2015

April 2015 Construction Spending

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Overall construction spending in the United States jumped 2.2% during April (more than triple the +0.7% expected), to a seasonally adjusted and annualized rate (SAAR) of $1.006 trillion -- the first time since November 2008 that total spending exceeded $1 trillion. The private non-residential component increased by $11.1 billion (+3.1%). Outlays on public projects rose by $9.0 billion (+3.3%) while the private residential component brought up the rear with a more meager $1.9 billion (+0.6%). 
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Click here for a discussion of April’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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