The latest data on housing and construction has been released. We summarize some key elements here.
First on housing.
The new homes by region on a seasonally adjusted basis are shown below. There do not appear to be any significant surprises in these numbers.
The months supply of housing is shown below. It is getting shorter at a significant rate and this will put pressure on even more growth. This lowered number portends greater growth.
The new homes by region are shown below.
We see in the above the fluctuation in some regions still is present. The total new homes we show below:
Second we depict the data on overall construction spending.
We show the amount and then the annualized rate of change. The amounts on construction, residential and non-residential, are shown below.
The annualized rates of change in construction are shown below. This chart clearly depicts a strong turn around in this market.
The upswing most likely is NOT due to the stimulus since it occurred recently and in sectors not affected by the Stimulus package, The Stimulus spending in construction most likely will occur later this year and into the next.
First on housing.
The new homes by region on a seasonally adjusted basis are shown below. There do not appear to be any significant surprises in these numbers.
The months supply of housing is shown below. It is getting shorter at a significant rate and this will put pressure on even more growth. This lowered number portends greater growth.
The new homes by region are shown below.
We see in the above the fluctuation in some regions still is present. The total new homes we show below:
Second we depict the data on overall construction spending.
We show the amount and then the annualized rate of change. The amounts on construction, residential and non-residential, are shown below.
The annualized rates of change in construction are shown below. This chart clearly depicts a strong turn around in this market.
The upswing most likely is NOT due to the stimulus since it occurred recently and in sectors not affected by the Stimulus package, The Stimulus spending in construction most likely will occur later this year and into the next.
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