Tag Archive for ‘construction spending’

Multifamily Construction Spending Continues Strong Growth

NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 1.6% in October to a seasonally adjusted annual rate of $472.9 billion. Multifamily construction spending continued its record breaking pace and reached $63.7 billion, up by 2.8% over the revised September estimates. It was 11.4% higher since October 2015. Single-family construction spending also increased by… Read More ›

Multifamily Construction Spending Hits New Record High

According to estimates from Census Construction Spending data, total private residential construction spending edged up 0.5% in September to a seasonally adjusted annual rate of $459.5 billion. Multifamily construction spending continued its record breaking pace and reached $62.1 billion, up by 2.0% over the revised August estimates. Single-family construction spending stood at $236.6 billion, slightly up from the upwardly revised… Read More ›

Single-family Construction Spending Declines Again

According to estimates from Census Construction Spending data, total private residential construction spending edged down 0.3% in August to a seasonally adjusted annual rate of $449.2 billion. The record-breaking gains registered by multifamily construction were not enough to offset the declines in both single-family and home improvement spending. Multifamily construction spending rose to $62 billion, exceeding the peak readings registered… Read More ›

Home Improvements Push Residential Construction Spending Up

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for July registered a seasonally adjusted rate of $445.5 billion, slightly up from the June downwardly revised estimate. The monthly gains are largely attributed to the strong growth of private construction spending on home improvements that rose to a seasonally adjusted annual rate of $147.5 billion… Read More ›

Private Residential Construction Spending Stalls in June

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for June registered a seasonally adjusted rate of $445.8 billion, virtually unchanged from the May downwardly revised estimate. Private nonresidential construction spending fell for a third consecutive month in June, down by 1.3%. Within private residential construction, spending on single-family and multifamily both declined in June…. Read More ›

Private Residential Construction Spending Flat in May

NAHB analysis of Census Construction Spending data shows that total private residential construction spending remained virtually unchanged in May at a seasonally adjusted annual rate of $451.9 billion. Private nonresidential construction spending fell for a second consecutive month in May. Within private residential construction, spending on single-family dropped to $239.2 billion in April, down 1.3% over the upwardly revised April… Read More ›

Private Residential Construction Spending Stalls in April

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for April dropped to a seasonally adjusted annual rate of $439.7 billion, down by 1.5% over the March upwardly revised estimate. Private nonresidential construction spending was also down 1.5%, the first decline in 2016. Within private residential construction, spending on multifamily and improvements both declined in… Read More ›

Multifamily Spending Continues Record Breaking Pace

March multifamily residential construction spending had significant gains from one year ago. NAHB analysis of Census Construction Spending data shows that total private residential construction spending for March increased to a seasonally adjusted annual rate of $435.5 billion, up by 1.6% over February’s revised estimate. Meanwhile nonresidential construction spending declined 0.4% after two consecutive monthly increases. Within private residential construction… Read More ›

Private Residential Construction Spending Continues Its Steady Growth

Private residential construction spending reached the highest rate since November 2007. NAHB analysis of Census Construction Spending data shows that total private residential construction spending for February increased to a seasonally adjusted annual rate of $448 billion, up by 0.9% over January’s revised estimate. Meanwhile the nonresidential construction spending slipped 1.4% after a huge increase in January. Within the private… Read More ›

Multifamily Construction Spending Hits Record High

Total private residential construction spending stood at a seasonally adjusted annual rate of $433.2 billion in January, virtually unchanged from December’s upwardly revised rate of $433.1 billion. It was up 7.7% from one year earlier and the highest since November 2007. The new construction spending estimates released by the Census Bureau this morning include significant upward revisions to the multifamily construction…. Read More ›