July Gains for Residential Construction Spending

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NAHB analysis of Census Construction Spending data shows that total private residential construction spending for July continued to increase, rising to a seasonally adjusted annual rate of $387 billion. On a month-over-month basis, private single-family spending was $218 billion, up by 2.1% over the revised June estimate. Private multifamily spending declined to $52 billion, down by 2.2%, after three months… Read More ›

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