Wednesday, November 17, 2010

Constructing Economic Anemia: October 2010

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

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

The plywood, carpeting and furniture series appear to mirror exactly the trends seen in the housing market with the temporary tick up occurring in the face of the government's housing tax scam now giving way to a clear resumption of the preceding decline.