Recent data suggests a downward trend in key economic indicators, signaling potential softness in overall economic momentum. At the same time, construction sector backlogs have begun to ease, reflecting improved project delivery timelines and better supply chain conditions. This adjustment may indicate a rebalancing following years of delays caused by material shortages and labor constraints. Meanwhile, consumer spending is showing strength in seasonal categories, with projections indicating that Halloween expenditures will reach an all-time high this year. Households are expected to spend significantly on costumes, decorations, and candy, driven by strong consumer confidence and a cultural return to in-person celebrations. These mixed signals highlight contrasts between weakening forward-looking metrics and resilient consumer behavior.
— news from CoStar
— News Original —
Leading economic indicators head lower; Construction backlogs ease; Record Halloween spending expected
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