Tag Archive for ‘construction spending’

All Three Components of Home Construction Spending Post Gains

NAHB analysis of total private residential construction spending Census data finds that all three components increased in October. Single-family spending increased 1.8%, multifamily spending increased 1.0% and home improvement spending increased 0.6% from revised September estimates. Total private residential construction spending (all three components combined) increased from the revised September estimate to a seasonally adjusted annual rate of $353.8 billion…. Read More ›

Single-Family Construction Spending Posts Monthly Increase

Total private residential spending increased over the revised August estimate to a seasonally adjusted annual rate of $349.1 billion. The September month-over-month increase of 0.4% was driven by a solid month-over-month increase in the single-family component of private residential construction. Single-family spending increased 1.1% over the revised August estimates. Multifamily spending decreased 1.0% while home improvements spending fell 0.3% over the… Read More ›

Single and Multifamily Construction Spending Post Gains

Total private residential spending – single-family, multifamily, and home improvements – fell slightly in August (0.1%) to a seasonally adjusted annual rate of $351.7 billion. The latest Census estimate shows gains in the single and multifamily components of private residential construction spending offset by a decline in home improvements. Single-family spending increased 0.7% and multifamily spending increased 1.4% over the… Read More ›

Multifamily Residential Construction Spending up 38.4% from One Year Ago

The latest Census estimate shows significant gains in single-family and multifamily private residential construction spending from one year ago. On a 3-month moving average basis from July 2013, single-family construction spending increased 9.9% and multifamily construction spending increased 38.4%. The current seasonally adjusted annual rate for total private residential construction spending (single-family, multifamily, and home improvements) is $358.1 billion. Although… Read More ›

Residential Construction Spending Up 7.4% Year-Over-Year

Despite two consecutive monthly declines, the value of construction spending remains higher than levels recorded a year ago. For the month of June, Census data indicate that the total value of private residential construction spending (put-in-place) declined 0.3% from May to a seasonally adjusted annualized rate of $356 billion. Single-family spending was down in June by 1.4%, to a $184 billion rate…. Read More ›

Eye on the Economy: Home Sales Surge after Slow First Quarter

Housing news continued to improve as pending home sales surged following a slow first quarter. Home prices also continued to move higher but at a more moderate pace, suggesting the extra push caused by investors may be slowing. Economic news, however, was mixed. Consumer confidence increased in response to improving labor market conditions. On the other hand, new estimates from… Read More ›

Residential Construction Spending up 7.5% from One Year Ago

The latest Census estimate of total private residential construction spending is 7.5% higher than one year ago. In particular, the release shows significant improvement in construction spending for the single-family and multifamily categories. From May 2013, on a 3-month moving average basis, single-family construction spending increased by 12.3% and multifamily construction spending increased by 33.0%. The current seasonally adjusted annual… Read More ›

Strong Growth in Multifamily Construction Spending

Total private residential construction spending increased to a seasonally adjusted annual rate of $378.5 billion according to the latest Census estimates. The current reading is a slight increase of 0.1% from the revised March estimate and 17.2% higher than one year ago. Single-family spending increased by 1.3% month-over-month while the home improvement category decreased by 2.2%. Multifamily spending posted another strong month-over-month increase of… Read More ›

Residential Construction Spending Flat

Residential construction spending posted a small increase in March but was effectively unchanged over the beginning of 2014. The total value of private residential construction put-in-place increased to a seasonally adjusted annual rate of $369.8 billion according to the latest Census estimates. The current reading is an increase of 0.8% from the revised February estimate of $367 billion but is 16% higher than one… Read More ›

A Frigid February Catches up to Construction Spending

Total private residential construction spending decreased in February after three consecutive months of growth. The unusually cold winter may have finally caught up to total residential spending and contributed to a slight month-over-month decline. Total private residential construction spending dropped to a seasonally adjusted annual rate of $360.4 billion according to the latest Census estimates. The current reading is a decrease of 0.8%… Read More ›