Residential: +0.1% m/m, up 3.1% y/yNonresidential: flat m/m, +2.8% y/yManufacturing: -0.2% m/m but still strong at +11.3% y/y
Construction spending holding steady but losing momentum compared to earlier in 2024. If I had a wish for the US in 2025, it would be rules to make construction easier and move more-quickly. The contrast with China is stark and depressing.
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