Executive Industry Trends
Residential construction has begun to rebound out of its trough after declining through the second half of 2018. Mortgage rates have declined to multi-year lows.
State and local governments have increased spending on much-needed infrastructure projects.
Ongoing trade tensions and uncertainty have cast a cloud over future business investment.
The shrinking 10-2 year treasury yield spread signifies an increased likelihood that the Fed will lower short-term interest rates.
IN THIS ISSUE
Construction Overview
GDP
Unemployment
Value Put-In-Place
10-Year Yield and Real Broad Dollar Index
Sector Focus
Building Materials
Government Consumption and Investment
Industrial Production Index and Commodity Input Price Index
Sector Roundup
Non-Residential Construction
Roads, Highways, and Bridges
Residential Construction