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.
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