Executive Industry Trends
Residential construction rebounded after declining through the second half of 2018. Mortgage rates declined to multi-year lows.
State and local governments increased spending on much-needed infrastructure projects but are beginning to face budgetary constraints and the expiration of FAST Act funding.
The Fed cut the federal funds rate in July, September, and October, the first series of cuts since 2008, as the 10-year treasury yield has continued to decline.
Nonresidential construction spending increased in 2019 led by public infrastructure, office, and transportation spending.
IN THIS ISSUE
Construction Overview
GDP
Unemployment
Value Put-In-Place
Sector Focus
Non-Residential Construction
10-Year Yields
Real Broad Index
Corporate Profits
Sector Roundup
Residential Construction
Building Materials
Roads, Highways, and Bridges