Total monthly US construction spending (Census Bureau, seasonally adjusted annual rate), covering residential, nonresidential, and public construction combined. A broad industrials-sector demand gauge for materials, equipment rental, and heavy-construction names.
Construction spending reflects committed project starts; equipment and materials demand (cement, aggregates, rental fleets) tracks it with a short lag as projects move from permitting into active build phases.
| Factor family | Growth |
| Relative weight | Supporting |
| Update cadence | Monthly |
| Modeled lead | ~8 weeks (a modeling assumption, not a validated finding) |
| Data source | FRED |
The lead time above is a design assumption, not an out-of-sample-validated relationship for a specific security or index. This is one Growth input among 47; it measures macro context, not a full investment thesis.
CAT · DE · HON · MMM · VMC · MLM · URI
| Date | Score | Status |
|---|---|---|
| 2026-09-06 | 22/100 | ▼ Bearish |
| 2026-09-05 | 22/100 | ▼ Bearish |
| 2026-09-04 | 22/100 | ▼ Bearish |
| 2026-09-03 | 22/100 | ▼ Bearish |
| 2026-09-02 | 22/100 | ▼ Bearish |
| 2026-09-01 | 22/100 | ▼ Bearish |
| 2026-08-31 | 21/100 | ▼ Bearish |
Unstructured Alpha weighs Total US Construction Spending alongside 46 other macro signals to build a Confluence Score for each stock. See how this signal is currently shaping the macro backdrop for the tickers you follow.
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Scores are derived from macro signals (FRED, EIA, SEC filings, FINRA short interest)
and updated as new data arrives. This is not financial advice. Past signal accuracy
does not guarantee future results.
unstructuredalpha.com · Not financial advice