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Clint Burdett CMC® FIMC

By Clint Burdett CMC® FIMC

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

June 6 2014

UPDATE - Residential Construction Spending Indicates Improvement in the Economy in 2014 But Slowing Down

Construction spending and change from last year continue to support the economy will grow in 2014 but as new home inventory is growing and the large home builders permit growth tailing off.

With inflation low, we see residential construction spending picking up.

But we see permits being issued slowing still growing but as a lesser rate. I think expectations that new home construciton will surge in 2014 is premature.

Construction Spending Change to Last YearClick for larger image

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My Recent Articles

Steady as You Go, Slow, in 2014
What We Spend - What We Earn (leading indicator to watch - wonkish)
Government Investment Relative to GDP
Finding Growth Opportunities - Questions to Ask Your Employees

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