continues unabated decline of the housing market, the new buildings are diminuitea January by 3.3% over the previous month and 9.1% compared to General 
uary 2008, but this time is to get more non-residential spending down 4.33% from 2.91% decline in residential construction. As you can see from the first graph that was not the case since the beginning of the real estate bubble burst in late 2005, when spending began to fall while residential non-residential building continued to grow until the second half of 2008, before declining but still at a moderate pace and lower than those of residential spending.
E 'probable that this reversal also marks the beginning of the decline of the non-residential spending quae, despite a small correction, it is still close to maximum levels.
analyzing the major components of non-residential spending in the second graph, we can see that the decline had initially taken place in the commercial sector, and finally also to the office and last time in order to decrease the energy sector in January after grew up to December 2008 almost without interruption (see here ), while spending remains stable in industry.
In the coming months will be especially important to monitor these two sectors, which are facing serious difficulties due to the collapse of oil prices, energy, and rising unemployment, the industrial sector.
see also:
Construction market at the terminus
Investment property still declining
0 comments:
Post a Comment