Consumer Spending Beats Forecasts on Construction

0
Consumer Spending Beats Forecasts on Construction

The U.S. Census Bureau reports that construction spending during July 2013 was estimated at a seasonally adjusted annual rate of $900.8 billion, 0.6% above the revised June estimate of $895.7 billion. The July figure is 5.2% above the July 2012 estimate of $856.3 billion.

Private residential construction spending was at a SAAR of $334.6 billion in July, 0.6% above the revised June estimate of $332.7 billion. Private residential construction is now up 21.8% year over year.

Private nonresidential construction spending was at a SAAR of $296.8 billion in July, 1.3% above the revised June estimate of $293.0 billion. Private nonresidential construction is now down 0.3% from a year ago.

David Einhorn: This NJ Deli With One Location And Little Revenue Is Trading At $100M+ Valuation

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasIn his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is "fractured and possibly in the process of breaking completely." Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in "defunding the regulators." He pointed Read More


Total public construction spending was at a SAAR of $269.4 billion in July, 0.3% below the revised June estimate of $270.1 billion. Total public construction spending is now down 1.8% year over year.

construction spending

Consumer Spending Beats Forecasts on Construction

Via: floatingpath.com

No posts to display