US construction spending up 0.6% in March | Metals Mine

  • US construction spending up 0.6% in March

    From breakingthenews.net

    Construction spending in the United States totaled $2.18 trillion in March, up by 0.6% compared to the previous month's revised figure, the US Census Bureau revealed in a report on Thursday. On an annual basis, the figure advanced 1%. Spending on private construction reached $1.65 trillion, 0.8% higher than the revised February reading. Residential construction increased by 1.7% to $1.64 trillion in March, while nonresidential construction declined 0.2% to $729 billion. Public construction was $526 billion, 0.2% higher than last month's figure.

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ffghost
May 7, 2026 9:19am
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-1.9% revision for prior month....again, a massive miss that is going to be overlooked because, well, SMH. I mean, I kind of get it, but how many of these does it take before the markets care?

Maybe watching the price action is all that it takes to realize you can have as much bad data come out as you want and prices will continue up and to the right so long as "hopium" persists?

Where are our moves back toward some semblance of 'normalcy'? Overextension is fun if you are long and strong, but there really needs to be some sideways chop (or a small retracement) to get equity markets back into line.
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Polimini
May 7, 2026 9:24am
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That's nothing. Most of the numbers released from the US since Trump took office are basically the expected numbers plus or less same irrelevant percentage. I don't think anyone cares or trusts them anymore. Tweets are what moves the market now.
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ffghost
May 7, 2026 9:38am
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Yeah, that's clear enough from the price action.

I have just been looking for anything that will crack these markets recently because so many of the numbers look "good" but the revisions have been rough. Central banks around the globe (and in US) are saying inflation is coming and hikes/higher for longer rates are on the docket.

But the equity markets keep making new highs (/nq) on AI/datacenter hopes, which keep getting kicked down the road in terms of build-outs because of lack of a host of reasons. And yet.....prices stay high for the silicon, so semi mfgs make their money and capEx is still required as the price tags for hardware continues to increase.

Gonna be the bubble of a generation if it pops....but likely a lot higher from here before that happens..........I just didn't/don't think it's healthy for the markets to move this far, this fast.
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Polimini
May 7, 2026 10:10am
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people used to invest, now they speculate, and most people don't really like to short the market, so up it is. Until someone pulls the rug
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Elaitoxic
May 7, 2026 10:13am
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Even NFP may come out look like Sh** the only thing holding the dollar is trumps tweets and traffis coz the Fed show no sign of hiking or cutting
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Shiham
May 7, 2026 9:27am
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revision is a normal process indeed.
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ffghost
May 7, 2026 9:41am
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Agreed, it just seems like the recent revisions are larger than historical revisions (and in a negative way across the board). I.e. the numbers were a lot worse upon revision than they had been in the past. markets don't care though.
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