Last week, monthly construction numbers were updated. I would say that, all in all, we are still flirting on the edge between Category 1 (new construction rising faster than supply capacity can accommodate) and Category 2 (new construction rising slower than supply capacity, but still an excessive backlog).
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September Residential Construction
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Last week, monthly construction numbers were updated. I would say that, all in all, we are still flirting on the edge between Category 1 (new construction rising faster than supply capacity can accommodate) and Category 2 (new construction rising slower than supply capacity, but still an excessive backlog).