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Clint Burdett CMC® FIMC

By Clint Burdett CMC® FIMC

US Economy — Macro Trends —Thinking Strategically Follow clintburdett on Twitter

February 3 2014

Residential Construction Spending Indicates Improvement in the Economy in 2014

Construction spending and change from last year continue to support the economy will grow in 2014. With inflation low, we see residential construction spending picking up.

Residential construction spending traditionally leads a recovery but after the great recession with the home foreclosure overhang, this is no typical recovery. But we see residential spending up to 25% compared to last year. Again a good sign for 2014.

Construction Spending Change to Last YearClick for larger image

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My Recent Articles

Steady as You Go, Slow, in 2014
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Government Investment Relative to GDP
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Article Archive

Key Charts

Private Residential Investment Compared to Last Year
Average Hourly Earnings (leading indicator)
US Total Capacity Utilization Trending Down (Updated monthly)
Retail Sales Trends

The Big Picture

Bernanke "The Federal Reserve: Looking Back, Looking Forward"
Paul Krugman A Permanent Slump?
Bill McBride on The Housing Bottom and the Unemployment Rate