Construction spending continued to increase in November – by New Deal democrat 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%: 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: The resilience in construction is an important reason why the US did not enter recession last year, despite the anemic reports on manufacturing. Housing under construction continues to levitate, Angry Bear by New Deal democrat
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NewDealdemocrat considers the following as important: Construction November 2023, Hot Topics, New Deal Democrat, US EConomics
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Construction spending continued to increase in November
– by New Deal democrat
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%:
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:
The resilience in construction is an important reason why the US did not enter recession last year, despite the anemic reports on manufacturing.
Housing under construction continues to levitate, Angry Bear by New Deal democrat