The following chart shows real annualized private office construction spending per capita (October 2013 dollars).
Click to enlarge.
Correction:
I originally posted that this was real monthly private construction spending per capita. The data is monthly but it is a seasonally adjusted annual rate. The chart remains the same, only the description changes.
Source Data:
St. Louis Fed: Custom Chart
Housing May 13th Weekly Update: Inventory up 1.6% Week-over-week, Up 35.0%
Year-over-year
-
Altos reports that active single-family inventory was up 1.6%
week-over-week. Inventory is now up 15.2% from the February bottom, and *almost
above the max...
1 hour ago
3 comments:
I gotta say, as far as third peaks go, that latest one seems kind of puny.
It's like WTC ?7?. Certainly not newsworthy!
I agree that it is very puny. That's what's newsworthy to me.
The Fed, even with 5 full years of ZIRP, hasn't managed to reinflate the office construction spending bubble again.
Put another way, "maybe" they can't.
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