Tag Archives: Construction

March Residential Construction, Industrial Production

Starts Up, Production Up and Positive for GDP March Housing Starts were up by 2.8 percent to a 946,000 unit annual rate. Permits for new residential construction decreased in March by 2.4 percent to a 990,000 unit pace. Industrial Production … Continue reading

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Comerica Economic Weekly

True to form, March came in like a lion and went out like a lamb, at least in terms of economic data. Now we get to see whether or not April is in fact the cruelest month. So far, it … Continue reading

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January Residential Construction, Producer Prices

Bad Winter Freezes Construction, New Producer Price Report January Housing Starts fell by 16.0 percent to an 880,000 unit annual rate. Bad weather was a factor. Permits for new residential construction dropped in January by 5.4 percent to a 937,000 … Continue reading

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July Intl. Trade and Construction Spending, August ISM Manufacturing

Trade Gap Widens at the Start of Q3  The U.S. International Trade Gap widened in July to -$39.1 billion after narrowing significantly in June. Construction Spending increased by 0.6 percent in July, with gains in private nonresidential. The August ISM … Continue reading

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July ISM Manufacturing, UI Claims, June Construction Spending

More Good News as Key Manufacturing Indicator Jumps  The ISM Manufacturing Index for July increased to 55.4 percent, well above expectations. Construction Spending for June dipped by 0.6 percent as public projects continued to shrink. Initial Claims for Unemployment Insurance … Continue reading

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June Residential Construction, Bernanke Testimony

Construction Corrects After Strong Run, Bernanke Reaffirms Desire to Wind Down QE3 June Housing Starts fell by 9.9 percent to an 836,000 unit annual rate, slowest since August 2012. Permits for new residential construction dropped in June by 7.5 percent … Continue reading

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June ISM Manufacturing, May Construction Spending

Indicators Show Moderate Growth in Just-Completed Second Quarter  The ISM Manufacturing Index for June increased to 50.9 percent, indicating slight improvement. Construction Spending for May gained 0.5 percent, held down by weak private non-residential activity. We cross the mid-year 2013 … Continue reading

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March Residential Construction, Consumer Prices, Industrial Production

Starts Hit Million Unit Rate, Consumer Prices Dip, Output Boosted by Weather Housing Starts for March increased by 7.0 percent to a 1,036,000 unit annual rate. Permits for new residential construction dipped in March by 3.9 percent to a 902,000 … Continue reading

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January U.S. Employment, ISM Manufacturing Index, Dec. Construction

Limping Into 2013 as Fiscal Headwinds Increase The January Payroll Employment Survey showed a gain of 157,000 jobs, a bit below expectations. The Unemployment Rate for January increased to 7.9 percent, essentially unchanged for 5 months. Average Weekly Hours were … Continue reading

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October ISM Manufacturing, September Construction Spending

Orders Support Manufacturing, But Other Pillars Weaker The September ISM Manufacturing Index decreased to 50.8 percent as production barely expanded. Construction Spending for September increased by 0.2 percent with gains in private residential. The ISM Manufacturing Index slipped to 50.8 … Continue reading

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