Construction Spending Continued To Increase In November
I’m feeling a little under the weather today, so I am going to keep this brief.
Total construction spending rose 0.4% in November, while residential construction rose 1.1%:
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Keep in mind that these are nominal numbers, affected by the cost of construction materials.
Typically residential construction moves in tandem with building units under construction. Here’s that comparison:
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The resilience in construction is an important reason why the US did not enter recesion last year, despite the anemic reports on manufacturing.
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Disclaimer: This blog contains opinions and observations. It is not professional advice in any way, shape or form and should not be construed that way. In other words, buyer beware.
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