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Joseph Politano: U.S. warehouse construction drops 35 percent from 2023

Joseph Politano: U.S. warehouse construction drops 35 percent from 2023
@JosephPolitano: U.S. warehouse construction drops 35%

U.S. warehouse construction continues to decline, a situation highlighted by Joseph Politano. The industry has seen a 35% reduction in construction levels from early 2023 peaks. This decrease is attributed to a general pullback in the industry, rising goods prices, and a weakened U.S. manufacturing sector.

The slowdown in U.S. warehouse construction parallels broader trends of economic softness across North America, underscoring similar signals present in Canada’s recent output data. Joseph Politano has previously identified such regional shifts in growth, highlighting the significance of even slight changes in economic performance as reflected in the contraction of Canada's GDP during October.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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