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The construction index is expected to rise to 46.1 from 45.9 in July.
The Dow Jones home construction index, which also rose sharply after the Fed's rate cut, dropped 5.7percentt.
The Dow Jones home construction index fell 0.9 percent, with KB Home down 0.9 percent, at $16.72.
Another infrastructure E.T.F., the First Trust ISE Global Engineering & Construction Index fund, meanwhile, includes companies engaged in large public- and private-sector infrastructure projects.
The decline in the construction index is the most extreme in decades.
For investors, one way to play this is to stay short the homebuilder ETFs Homebuilders SPDR (XHB) and iShares' Dow Jones U.S. Home Construction Index Fund (ITB), as well as consumer discretionary stocks like Coach Inc and Spartan Motors.
Similar(52)
A pool of candidate variables including the macroeconomics metrics and construction indices were compiled from the related sources and literature (Shahandashti and Ashuri 2016), then analyzed to capture characteristics of the time series data and to determine any project characteristic correlations with macroeconomic factors to facilitate modeling representative future streams of projects.
By construction, the index is bounded between 0 and 1.
The observer is formulated as a DAE that, by construction, has index 1.
The impact of different defects on construction safety index is studied.
However, in these approaches, the construction of index structure and the application of the processing functions are in high complexity.
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