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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 … Read more
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 … Read more
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 … Read more
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. … Read more
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 … Read more
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 … Read more
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 … Read more
An Egyptian infrastructure project has been halted after construction workers found a sphinx-like statue during roadworks between the ancient temples of Karnak and Luxor. Learn More: www.rt.com/news/435309-egypt-…
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. twitter.com/DavidInglesTV/status/1025185689090981888 … Read more
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. … Read more
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 … Read more
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. … Read more
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, … Read more
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 … Read more
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 … Read more
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 … Read more