| From Bloomberg: U.S. home-improvement retailers face “rising headwinds” as housing investment’s share of the economy falls to a post-World War II low, according to Budd Bugatch, an analyst at Raymond James & Associates Inc.
The CHART OF THE DAY compares spending on new homes and apartments, including furnishings, with gross domestic product in the top panel. The data, compiled by the Commerce Department, aren’t adjusted for inflation. The bottom panel shows the ratio between them..............................................Full Article: Source
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