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 recesion last year, despite the anemic reports on manufacturing.More By This Author:Final COVID-19 Update For 2023: Mainly Good News The Economic Graph Of The Year For 2023Jobless Claims End The Year On A Solidly Positive Note
