Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,230,000, +18.6% above the revised December estimate.
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.
Electrical Marketing's 4Q 2018 sales potential estimates for the electrical contractor and industrial market segments for all 50 states and more than 300 metropolitan statistical areas are now available for all Electrical Marketing subscribers...
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.