Tag Archive for ‘construction spending’

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 ›

Residential Construction Spending Increases for Third Month

According to Census estimates, total private residential construction spending increased to a seasonally adjusted annual rate of $359.9 billion during January. The current reading is an increase of 1.1% from the revised December estimate and 14.6% higher than one year ago. Total private residential construction spending increased for the third consecutive month. Single-family spending registered an increase of 2.3% for the month, while the… Read More ›

Residential Construction Spending Increased 18.3% in 2013

Total private residential construction spending increased in December for the second consecutive month to a seasonally adjusted annual rate of $352.6 billion according to Census estimates. The current reading is a 2.6% increase above the revised November figures and 18.3% higher than one year ago. Single-family spending registered a healthy increase of 3.4% for the month, while the multifamily category saw a more modest increase… Read More ›

Construction Spending Increases in November

Total private residential construction rebounded in November after a slight drop in October. According to Census estimates, total private residential construction spending increased to a seasonally adjusted annual rate of $345.5 billion in November. The current reading is a 1.3% increase from the revised October estimate and 16.6% higher than a year ago. Single-family spending registered an increase of 1.8% for the month, while the… Read More ›

Construction Spending: Slight Decline in October Release

Total private residential construction spending decreased slightly from the revised August and newly released September figures to a seasonally adjusted annual rate of $326.9 billion in October 2013 according to Census estimates. The current reading is a 0.6% decrease from the prior month and 17.8% higher than a year ago. Today’s release included September and October data for construction put in place. The September data release… Read More ›

Construction Spending: Continued Improvement in August Data

Total private residential construction spending increased to a seasonally adjusted annual rate of $340.2 billion in August 2013 according to Census estimates. The August data for construction put in place data was released today after a delay of three weeks due to the government shutdown. The current reading is a 1.2% increase from the prior month and 18.7% higher than a year ago. After a tepid… Read More ›