One's Observations

A collection of some things I observe along the way.


"Private residential construction spending was up slightly in January, but is mostly moving sideways. I expect some growth in residential spending in 2010, but the increases will probably be sluggish until the large overhang of existing inventory is reduced."

"Non-residential spending decreased in January, and is now at the lowest level since November 2006. The collapse in non-residential construction spending continues ..." (Calculated Risk Post)



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