Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,230,000, +18.6% above the revised December estimate.
EIA projects that U.S. liquefied natural gas export capacity will reach 8.9 billion cubic feet per day by the end of 2019, making it the third-largest in the world behind Australia and Qatar.
Electrical contractors and industrial employment ended 2018 on a steady if somewhat unspectacular note, and they should drive some growth in electrical sales through the first half of 2019.
Nonresidential construction was at a seasonally adjusted annual rate of $454.5 billion in December, +0.4% above the revised November estimate.
Healthy activity on respondents’ books and some good economic news were only somewhat tempered by continued concern about instability from policymakers.
While the overall value of new construction data is running lukewarm at best, that market is still very much alive.
Building permits, cargo shipments and purchasing manager expectations all look pretty strong.
The price index was also up +3.8% year-over-year.