Total U.S. Construction Spending Stayed Stuck at $1.3 Trillion in 2019 As the sum of its monthly not seasonally adjusted (NSA) figures, the Census Bureau has calculated that total U.S. put-in-place construction in 2019 was $1.303 trillion. The total dollar volume last year was -0.3%, or flat, compared with 2018. (2018 had been +3.3% relative to 2017.)
What’s the Fascination with Stock Markets? There are publicly-traded companies engaged directly in the construction industry, and others with close ties to the construction sector, that have obvious reasons to be interested in how stock markets are performing. As just one example, executives of such firms may have compensation packages that rise commensurate with increases in their companies’ share prices.
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Year-end city housing starts statistics for 2019 recently became available from Canada Mortgage and Housing Corporation (CMHC). For the six largest cities in Canada, by population, this article will examine how last year’s results compared with other years, previous peaks and long-term averages. It will also look at the singles-versus-multiples mix.
A Dampening of Euphoria May Be Warranted Euphoria concerning the U.S. economy, as demonstrated by record-setting stock market indices, won’t be dampened much by the just-released and somewhat tame Employment Situation report from the Bureau of Labor Statistics. The total number of American jobs in December rose by a lukewarm +145,000. Also, November’s jobs total was revised downwards slightly, by -14,000.