Mann at Work
Reed Construction Data editor Denise Mann gathers North American construction-related economic announcements from around the Web and summarizes them just for BuildingTeam Forecast readers. Your feedback and suggestions for future topics to be covered are always welcome.
Thursday, May 17, 2007
U.S. Housing Permits Plunge, But Not All the News is Bad
While the low April numbers for U.S. housing starts and permits were no surprise, the fact that U.S. industrial production and capacity utilization increased in the month is good news. As expected, the U.S. consumer price index for April also rose this week. In Canada, new motor vehicles sales edged up slightly.
Elsewhere on BuildingTeamForecast, Jim Haughey writes that the market for non-residential construction is as good right now as it is ever going to get. In fact, all economic factors for the non-residential building market are currently positive, except those for manufacturing plants.
U.S. housing permits plunge downward in April; starts rise slightly
Meanwhile, privately-owned housing starts were 2.5% above their March level, but 16.1% below the level recorded in April 2006.
Here’s how the numbers, at seasonally adjusted annual rates, looked:
Industrial Production and Capacity Utilization move up in April
April U.S. Consumer Price Index rises 0.6%
New motor vehicle sales in Canada edge up slightly in March
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