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Posts Tagged ‘residential’

ConstructConnect’s Starts Continue Winning Trend in April

Monday, May 16th, 2016

Article source: ConstructConnect

ConstructConnect announced today that April’s level of U.S. construction starts, excluding residential work, was $30.1 billion, a further climb of +8.1% month to month on top of March’s leap of +14.0%. Since the usual or long-term average gains in March and April, due to seasonality, are +2.5% and +12.0%, the kick-off to 2016’s spring has been more than kind to the construction sector.

Comparing April of this year with what was an admittedly lackluster same fourth month of last year, the change was an outsized +30.7%. That’s approaching one-third higher. The level of year-to-date starts in 2016 has been +14.5% versus the January to April time frame of 2015.

The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.

‘Non-residential building’ plus ‘engineering/civil’ work accounts for a considerably larger share of total construction than residential activity. The former’s combined proportion of total put-in-place construction in the Census Bureau’s March report was 60%; the latter’s was 40%.
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A Baker’s Dozen Mid-January Economic Nuggets

Friday, January 15th, 2016

Article source: CMDGroup

In the early going of 2016, the headline story has been the heightened level of anxiety displayed by stock market investors. Versus 2015’s year-end closings, both the Dow Jones Industrials index and the S&P 500 are -6.0%; NASDAQ is -7.8%; and the Toronto Stock Exchange, -5.2%.

 

Compared with their most recent highs, the DJI is -10.7%; the S&P 500, -10.0%; NASDAQ, -11.8%; and the Toronto Stock Exchange (TSX), -20.5%. The TSX has given its passengers a particularly bumpy ride. It has fallen into ‘bear’ territory (i.e., a decline of 20% or more.)

 

The main widely-cited reason for the sell-offs has been an expectation of weaker growth in China. There are two highly-charged ways in which such a pull-back has unfortunate repercussions for the U.S. and Canadian economies. First, the value of the yuan is being lowered, to make the price of Chinese exports more competitive in world markets.

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