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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
by WARREN MOSLER Global contraction in progress… 🙁 US construction spending
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
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
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
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. … Read more
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
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 … Read more
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 … Read more
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 … Read more
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 … Read more
#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. … Read more
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 … Read more
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 … Read more
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 … Read more