Core Report | December 20, 2024
Total construction spending continued to increase in October, now up for the third consecutive month.
Market Update | December 18, 2024
November new housing starts were at a 1.289 million unit rate, down 1.8% from October and down 14.6% from the 1.510 million unit rate in November 2023. This is the lowest monthly start rate since July. The drop in starts in November mainly came from multi-family units, which came in at their lowest rate since March. However, permits, an indicator for future construction, increased after sliding in the previous two months.
Core Report | December 13, 2024
Total construction spending continued to increase in October, now up for the third consecutive month.
Market Update | December 11, 2024
Now up for the third consecutive month, total construction spending continued to increase in October. Total spending came in at a $2.174 trillion rate, up 0.4% from September and up 5.0% from the $2.071 trillion rate in October 2023. Despite the continued year-over-year increases, this was the smallest increase since April 2020. While non-residential construction declined, the boost in residential spending helped lift the overall number. Residential spending was up 1.5% from September and up 6.4% from October 2023.
Core Report | December 06, 2024
Total construction spending continued to increase in October, now up for the third consecutive month.
Market Update | December 04, 2024
Now up for the third consecutive month, total construction spending continued to increase in October. Total spending came in at a $2.174 trillion rate, up 0.4% from September and up 5.0% from the $2.071 trillion rate in October 2023. Despite the continued year-over-year increases, this was the smallest increase since April 2020. While non-residential construction declined, the boost in residential spending helped lift the overall number. Residential spending was up 1.5% from September and up 6.4% from October 2023.
Core Report | November 22, 2024
U.S. light vehicle production increased in October and is now up for the second time in the last three months.
Market Update | November 20, 2024
Light vehicle production totaled 966,169 units in October, up 10.1% from September and up 14.5% from the strike-impacted 843,625 units last October. On per/day basis, auto production was at its highest daily rate since April. Sales have now increased, on a year-over-year basis, in consecutive months.
Core Report | November 15, 2024
Business activity from the manufacturing sector grew strongly in the New York region in November.
Core Report | November 08, 2024
The inventory of light vehicles on dealer lots increased in October, now up for the third consecutive month.
