There's a sense of urgency in construction. If builders have approval for a project, they're going to try to move ahead as quickly as possible.
More Quotes from Chris Low:
This is clear confirmation that the unusually warm weather in January boosted sales, and February sales just fell back to more normal levels. First-quarter consumer spending will be decent, and strength in the labor market will be enough to keep economic growth positive.Chris Low
Retail sales are expected to be down, but worry about Producer Price Index and Consumer Price Index releases Thursday and Friday could keep any bond market rally in check.
Chris Low
It's hard to imagine anybody having the backbone that Greenspan brought to the job, the ability to withstand months and months of criticism and stick to his guns.
Chris Low
It does look like the economy is losing steam. After two years of Fed tightening, it's simply gotten more expensive to finance whatever it is you're trying to finance.
Chris Low
It is difficult to make the case this index will continue to rise at a healthy clip.
Chris Low
The bottom line - despite the minus sign in front of the number, (payrolls) are a lot better than we thought.
Chris Low
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