Warren Says She’s Willing To Ban Construction of New Homes in America
If your home isn’t carbon neutral, Elizabeth Warren might not let you build it. And if that means no new homes get built, she’s OK with that. In an appearance … Read more
construction
US Freight Shipments Fall Below 2014 Level, Hit by Shale Oil & Gas Bust. Manufacturing, Construction Also Drag
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But consumers are doing their job, online. Freight shipment volume in the US by truck, rail, air, and barge of consumer and industrial goods but not … Read more
Joe Biden’s Brother, James Biden.got a $1.5Billion construction contract in Iran, with zero construction experience.
t.co/C65WHWAr9F Yep the story about it. So amazing how the Bidens got millions when they knew nothing about the businesses they got money for, from foreign countries. — Truthiswithn (@truthiswithn) … Read more
Another Chinese Mega-Construction Project in California Is Halted, this one in San Francisco. List of Troubled or Scuttled Chinese Projects in California Grows
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter How China’s crackdown on debt and capital flight pulls the rug out from under mega-real-estate projects. After months of rumors and speculation amid apparently failed efforts … Read more
Trucking, Railroads Hit by Slowdown in Manufacturing & Construction. But Americans Are Buying Stuff, and that Helps
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The hangover after the tariff-front-run boom last year. Freight shipments by all modes of transportation – truck, rail, air, and barge – within the US fell … Read more
BORDER WALL CONSTRUCTION BEGINS in Arizona and Texas
Arizona: Border wall construction begins in southern Arizona www.kold.com/2019/09/25/border-wall-construction-begins-southern-arizona/ Texas: Border Wall Construction Underway in Hidalgo Co. www.krgv.com/news/border-wall-construction-underway-in-hidalgo-co-/ AC
One of World’s Construction Giants Admits Using Risky Hidden-Debt Loophole “Across Group.” Australian Subsidiary Crushed
This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed. By Nick Corbishley, for WOLF STREET: The world’s seventh largest construction and services company (by sales), with subsidiaries around … Read more
The Biggie that Used to Be Strong: Nonresidential Construction Spending Suddenly Sags
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Only feeble signs of manufacturing returning to the US (you’ve got to build the plants first). Construction spending, an important part of the US economy, has … Read more
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 … Read more
Construction spending, ISM manufacturing, UK Manufacturing
by WARREN MOSLER Global contraction in progress… 🙁 US construction spending
Construction Spending Heading South—Housing Down 11% Since April 2018 Peak… Mortgage Refis In Biggest Crash Since 2013
By David Stockman Total residential construction spending dropped 8.4% from a year ago, the sixth month in a row of year-over-year declines, to a seasonally adjusted annual rate of … Read more
Construction Spending Turns South, Driven by Big Drops in Residential & Retail
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But other construction segments are hot. Residential construction is starting to make folks nervous. Total residential construction spending – 99% is “private” rather than “public” spending … Read more
Mtg purchase apps, Construction, SF home prices, ISM manufacturing, PMI chart, Trade agreement, Econ indicators
by WARREN MOSLER Dismal: Highlights The purchase index is down a sharp 4.0 percent for a second straight week, this time for the April 26 week. Year-on-year, the index is … Read more
New York Commie Mayor De Blasio: Plans Ban on Construction of Glass and Steel Skyscrapers “They Have No Place on Earth”
Democrats want to undo America. They hate this country. h/t Jwnlwplus4
Retail sales, Construction spending, Chem activity, Apartment vacancy, Equity flows, South Korea exports, Trump comments
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. … Read more
Roreign direct investment, Construction spending, Durable goods orders, New home sales
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 … Read more