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.
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