Thursday, October 1, 2009
Nothing much new here. Evidence continues to accumulate that residential construction spending has hit bottom, but so far we see no impressive increase (at least in this data, which is old news since it includes only August). Nonresidential construction spending has been flat for a long time (defying widespread expectations that it would decline), but signs of weakness are now accumulating.
Posted by Scott Grannis at 8:10 AM