by confoundedinterest17 U.S. lumber futures rallied as much as 4% to $1,541 per 1,000 board feet Wednesday, the highest ever for a most-active contract. The surge came as voracious home-construction and renovation demand
by confoundedinterest17 Today’s 3-month Treasury auction revealed an even lower 3M high yield rate than the previous auction. The 3M high yield was 0.015%. The ultra-low yield comes after The Fed
by confoundedinterest17 Hammer Time! Aka, can’t touch this … housing construction report. Construction of new homes surged in March to the highest since 2006, just after the peak of the house price
An extreme housing crash is ahead! In face of highly inflated home prices, rising mortgage rates, shortages of construction materials, an anemic inventory, and the coming expiration of the mortgage
Democrats want to undo America. They hate this country. h/t Jwnlwplus4
by WARREN MOSLER Not looking good: Not looking good: In contraction: South Korea March exports contract for fourth month (Reuters) Overseas sales slid 8.2 percent in annual terms in March.
by WARREN MOSLER Gone negative year over year adjusted for inflation: This series looks to me like it’s flattened and adjusted for inflation remains well below 2008 highs, and
by confoundedinterest Today is a double whammy for bad news for the US economy. First, The Census Bureau monthly construction spending report reveals that highway and street spending rose 11.7% in
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data. OK, it looks like GDP growth, released last week for the
by WARREN MOSLER Bad. All sectors decelerating and residential looking down year over year: U.S. auto sales tumbled 2.8 percent in February (Detroit News) Overall sales for the month
by visualcapitalist Ever since the first towering spires broke through the clouds in New York and Chicago, skyscrapers have remained a potent symbol of economic might. The tallest buildings require vast
#BREAKING: Defense department officials say the Pentagon is prepared to give $3 billion to fund construction of the President's southern border wall, if he were to declare a national emergency.
by Duane Norman, Free Market Shooter Left: Israel’s West Bank Wall – Right: Proposed US Border Wall Prototypes President Trump’s stare-down with Democrat leaders Pelosi and Schumer over $5.7 billion in funding for a
by WARREN MOSLER Looking very weak: Highlights Construction has been a soft spot of the economy evident once again in October where spending fell 0.1 percent for the third straight decline
Toronto-based business executive Michael Beattie has decided to move forward with the realignment of his construction business, renaming it Beattie Infrastructure, Inc. Beattie’s parent company, MBM Investments Corp., will continue
After years of dodgy accounting and mismanagement. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The past five days have been brutal for two once-emblematic Spanish companies, Abengoa and