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 but are beginning to face budgetary constraints and the expiration of FAST Act funding.
Ongoing trade tensions and uncertainty have cast a cloud over future business investment as industrial output has stagnated.
The Fed cut the federal funds rate in July and September, the first cuts since 2008, as the 10-year treasury yield has continued to decline.
IN THIS ISSUE
Construction Overview
GDP
Unemployment
Value Put-In-Place
10-Year Yield and Real Broad Dollar Index
Sector Focus
Roads, Bridges, and Highways
Government Consumption and Investment
Production Input Costs
Sector Roundup
Residential Construction
Building Materials
Non-Residential Construction