US construction spending for December 2020
- prior report saw a gain of 0.9% revised to +1.1%
- Construction spending rose 1.0%
- Residential rose 3.1% with home improvements up 0.41%
- Non-residential fell -1.7%
- Private +1.2%
- Public +0.5%
About 60% of construction is residential which remains fairly strong.
The range of estimates was from 0.3% to 1.7%.
The better number and the revision to the prior month is positive as builders increase construction to accommodate the higher demand
Below is a chart of the percentage changes apart from September, the index has been positive since June.
