United States construction spending was up 0.6% in November 2019, according to a report released by the U.S. Census Bureau last week.
November marks the fifth consecutive month in which spending has increased, and the most recent numbers are welcome news after an increase of only 0.1% in October 2019.
New year, new trade deal! In a potentially positive turn of events, the construction industry—and the economy as a whole—could see progress concerning the trade war between the United States and China. After reaching a compromise in early December 2019 over some tariffs on Chinese and American goods, President Trump announced last week via a tweet that he plans to sign the first phase of a trade deal with China January 15.
