Friday, June 25, 2010

Construction Anemia

The following are some interesting tidbits related to the state of construction supplies from the latest industrial production report.

It appears that construction supplies from plywood to carpeting to paving and roofing and glass supplies are all experiencing truly anemic production trends.

Even plywood and other wood products that have seen a bit of a spike up in recent months are sitting at levels not seen since the mid-1980s.

With the end of the government’s epic housing stimulus efforts it will be interesting to see how these measures trend but looking at the latest data it’s probably best to lower expectations.