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Construction Spending Growth Misses By Most In A Year

Tyler Durden's picture




 

February construction spending was revised from a hope-filled 0.1% rise to a "it's the weather" 0.2% drop - which theoretically should have juiced March's data even more... but it didn't. The 0.2% rise in Construction spending in March is the biggest miss (exp. +0.5%) since March of last year.Quite a divergence...

  • *GOVERNMENT CONSTRUCTION SPENDING WEAKEST SINCE NOVEMBER 2006
  • *PRIVATE RESIDENTIAL SPENDING IN U.S. STRONGEST SINCE MAY 2008

So much for that breathtaking pent-up demand surge post-weather... or we pre-suppose that is coming in April... or May

 

 

Charts: Bloomberg

 

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Thu, 05/01/2014 - 10:12 | 4715807 Dr. Engali
Dr. Engali's picture

I can't wait until silver hits zero so I can load up.

Thu, 05/01/2014 - 10:47 | 4715919 SAT 800
SAT 800's picture

I remember reading there's one ounce available for every three people in the world; I wonder how we'll decide who will get one?

Thu, 05/01/2014 - 10:51 | 4715930 NoDebt
NoDebt's picture

Why is it that I keep hearing the phrase "excluding volatile food, energy and housing prices" in my head over and over?

Thu, 05/01/2014 - 10:14 | 4715813 Grande Tetons
Grande Tetons's picture

Anybody else here watching the 10yr...30yr today? Interesting. 

Thu, 05/01/2014 - 10:33 | 4715876 SAT 800
SAT 800's picture

I'm watching, and getting ready to bail on my short at 134-21; it is very interesting; somebody is nervous in the service. Whole lotta shakin goin on. just like Jerry Lee Lewis.

Thu, 05/01/2014 - 10:36 | 4715893 SAT 800
SAT 800's picture

On the theory that Bonds are the hidey hole; the safe haven. No, I don't believe that, but a lot of people do.

Thu, 05/01/2014 - 10:38 | 4715899 SAT 800
SAT 800's picture

Whatever it was happened in the last half hour; worried about Ukraine? Didn't like the employment numbers? Woke up with a rash? Don't know.

Thu, 05/01/2014 - 10:16 | 4715825 PontifexMaximus
PontifexMaximus's picture

Who needs construction, we have free money!

Thu, 05/01/2014 - 10:19 | 4715831 Dr. Engali
Dr. Engali's picture

The potholes are so bad around this place that it would probably be cheaper to fill them with fiat then it would be to pave them with asphalt. 

Thu, 05/01/2014 - 10:19 | 4715835 wmbz
wmbz's picture

This is good news. You need to take a break once in awhile, to recharge the batteries. That way you can come out swinging and really get rolling.  There is so much pent up demand out there, the consumer is hungry to buy. Once fannie offers 100 year mgts. on mobile homes, watch out!

sarc

 

 

 

 

 

 

 

 

 

 

 

 

Thu, 05/01/2014 - 10:28 | 4715860 Bunga Bunga
Bunga Bunga's picture

Yellen should build a huge branch office in every town.

Thu, 05/01/2014 - 10:34 | 4715883 SAT 800
SAT 800's picture

Shocked, I'm shocked I say, to see a shortfall in construction. How amazing.

Thu, 05/01/2014 - 12:25 | 4716437 DadzMad
DadzMad's picture

I do large construction projects that typically have a timeline of 2 years or longer and it's time to start working on some backlog.  It's eerily quiet out there.  Even the local university has shelved or postponed projects, and they just love spending money.

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