Don’t look now, but US residential construction spending fell 11.16% year over year in May.

Don't look now, but US residential construction spending fell 11.16% year over year in May. pic.twitter.com/mQrKZNqqZa

— Eric Basmajian (@EPBResearch) July 1, 2019

Total construction spending declined 2.30% year over year in May. https://t.co/zp0RuNnqjz pic.twitter.com/Ecx7X0UsIU

— Eric Basmajian (@EPBResearch) July 1, 2019

And Powell better cut 100 bps asap https://t.co/ABpOpcgyuy

— zerohedge (@zerohedge) July 2, 2019

https://t.co/YVwqX1opm9

— Alastair Williamson (@StockBoardAsset) July 2, 2019