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Raw data: Construction spending in the US

2 years 9 months ago
Today the Census Bureau released construction spending numbers for May. As usual for the past two years, nonresidential construction spending was down: More interestingly, residential construction spending is down for the first time since mid-2020: I imagine this is just the start of a longer turndown in housing. But it probably won't be severe. I ...continue reading "Raw data: Construction spending in the US"
Kevin Drum