State of U.S Construction Market Jan/Feb 2020

Since our last report we prepared in July 2019, quite many of our views based on our analysis have materialized and the downward pressure has continued in the overall US-Residential and Non-Residential (Commercial) construction markets. Revised numbers by the US Census Bureau were available for September 2019 at the time of writing this report in early December 2019. We established in our prior report that we will only take revised and final data which is published for the previous month by the US Census Bureau in the current October 2019 memorandum.