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 amounts of materials, expertise, and capital to make them a …
#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. #OANN — Jenn Franco (@jennfranconews) January 10, 2019 Senate Judiciary …
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 and the fourth decline in five months. Spending on new …
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 to operate by offering clients financial and management services. Beattie …
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 OHL. Four years ago, the two firms were among the …
via Jill Mislinski A cyclical downturn in construction sector growth is underway, and set to intensify. We know this from monitoring leading indexes specific to major sectors of the economy, whose distinct cyclical swings can precede those in the overall economy. Notably, growth …
via Jill Mislinski This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 145.7, up from the previous week’s 145.6. Year-over-year the four-week moving average of the indicator is now at 0.12%, down from …
By Harry Dent I was one of the few, along with Robert Shiller, predicting that the real estatebubble in the U.S. was getting ready to burst back in late 2005. Home sales had peaked in July 2005. Home prices peaked nine …
From USA Today: $145 million contract has been awarded to start the construction of a border wall along the U.S. Mexico border in Texas. U.S. Customs and Border Protection and the U.S. Army Corps of Engineers awarded a contract to construct about …
via Chris Kimble Interest rates are steadily creeping higher. And housing, as measured by the several housing related ETFs and Indexes is facing a slowdown. And not very many people are talking about it. Well, it’s time to put it …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Because that’s where the money is, on paper. But it’s not where the market is. There are plenty of brand-new apartments to choose from, thanks to a multifamily construction boom in major cities. These apartments are …
by WARREN MOSLER Highlights A solid rise in residential spending offset a mixed showing for non-housing components and made for a 0.1 percent July rise in overall construction spending to barely come within Econoday’s consensus range. Residential spending rose 0.6 percent …
For those out there who are getting overly excited over the S&P 500, this one’s for you. Less than 3% of the index is at a new 52-week high. https://twitter.com/DavidInglesTV/status/1025185689090981888 Wage growth has been slowing. Construction has been slowing. Jobs …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter No, it’s not Seattle. Denver is by far #1. New York isn’t even in the top 25. And it explains why rents in Chicago are collapsing. We’re going to shake up the status quo of apartment …
by WARREN MOSLER Last month revised a lot lower, and this month weak as well, as inflation-adjusted spending growth remains negative: Note from US Census: Notice: With this release, unadjusted data have been revised back to January 2016 and seasonally …
via Chris Kimble After topping in January 2018, the stock market has become a bumpy ride. We endured a correction on most major stock indexes and are now chopping sideways. Monitoring the markets for clues about what’s next, I stumbled …
https://www.youtube.com/watch?v=XBDYdb6LtRo Jacob Airey for the Daily Wire reports, President Donald Trump touted his Infrastructure Initiative in a speech on Thursday to a crowd of construction workers in Richfield, Ohio, telling them, “We’re going to rebuild America’s crumbling infrastructure.” Read More/Source/Credit/FairUse: …
by WARREN MOSLER Worse than expected, weak, and decelerating: Highlights Construction spending has been soft, inching only 0.1 percent higher in February after posting no change in January but there are definitely signs of strength in the details. The most important …
via Tom Bowley U.S. indices continued to tread water on Thursday, with mixed action among our major indices and sectors. The Dow Jones posted a triple digit gain (165 points), but the more aggressive NASDAQ and Russell 2000 indices both fell …
The federal government began work Wednesday to replace a section of border wall in California, the first wall contract awarded in the Trump administration outside of eight prototypes that were built last year in San Diego. Customs and Border Protection …
by WARREN MOSLER Even lower than expected as weakness continues: U.S. Light Vehicle Sales decline to 17.1 million annual rate in January By Bill McBride Feb 1, (calculated Risk) — Based on a preliminary estimate from AutoData, light vehicle sales were …
by WARREN MOSLER Prior month revised down, keeping the chart looking very weak for this ‘hard data’ release: Looks like the Saudis mean to keep a bit of upward pressure on prices. Perhaps to offset the weak $US, in which case …
by Chris Black In a very ironic plot twist, MSNBC’s viewers-of which most are probably disagreeing with President Trump’s “big, beautiful” border wall all along the Mexico border- were given a real-life lesson on the utility of a strong border …
Annual new apartment completions have been steadily increasing since 2011 and are expected to reach over 346K new units this year, the highest level in 20 years, according to a new study by apartment search website RENTCafé. However, the National …
by Amna El Tawil According to reports, President Donald Trump will order the construction of Mexico border wall today. White House officials told the New York Times that Mr. Trump will order the construction of a Mexican border wall …