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US Construction Spending: September 2015
National Association of Home Builders analysis of Census construction spending data showed Wednesday that total US private residential construction spending for September increased, rising to a seasonally adjusted annual rate of US$395 billion. On a month-over-month basis, private single-family spending was US$222 billion, up by 1.3 per cent over the revised August estimate. Private multifamily…
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Japan Housing Starts: September 2015
Total housing starts in Japan were 77,872 in September, a 2.6 per cent increase over the same month last year according to Japan Lumber Reports Friday. Total starts for the first nine months of 2015 were 676,997 units, up 2.8 per cent from the same time last year. Housing Starts, Japan On a seasonally adjusted…
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Advanced Cellulosic Biofuel
DuPont celebrated, at the end of October, the opening of its cellulosic biofuel facility — the largest in the world — in Nevada, IA. Advanced Cellulosic Biofuels The DuPont Iowa biorefinery is the world’s largest cellulosic ethanol plant, with the capacity to produce 30 million gallons per year of clean fuel that offers a 90…
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Commodities 2016 and Beyond
This week Manulife Financial, Canada’s largest life insurer, announced it is looking to add more commodities to its investment mix after prices plunged for metals including zinc and copper. As well, the Financial Times forecast the end of this commodities price slump. Global Commodities Outlook Commodities Price Cycle Not Yet Hit Bottom Manulife wants to…
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US GDP, Economy 3Q 2015
The US economy grew at an annualized rate of 1.5 per cent in the 3Q of the year, the Commerce Department said Thursday, matching the estimates of economists surveyed by The Wall Street Journal. That was off from 2Q’s torrid 3.9 per cent growth rate. Compared with the same quarter a year ago, the economy…
