November Construction Spending Confirms Building Surge


Summary
One of my consistent themes in the past few months has been how the housing market is priming the economy for strong growth in 2021 as soon as the pandemic is brought under control.
November construction spending surged, confirming what we have already been seeing in housing permits and starts.
With the exception of the brief lockdown periods last March and April, residential construction spending is increasing at a pace equivalent to its best in the past five years.
One of my consistent

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