Tag Archive for ‘construction spending’

May Gains for Residential Construction Spending

NAHB analysis of Census Construction Spending data shows that total residential construction spending for May increased to a seasonally adjusted annual rate of $366.1 billion. On a month-over-month basis, multifamily spending was $48.7 billion, up by 0.2% over the revised April estimate, while the single-family spending was $209.4 billion, an increase of 0.03% from April. Annually, multifamily spending rose 20.8%… Read More ›

April Gains for Residential Construction Spending

NAHB analysis of Census construction spending data finds that the pace of residential construction spending improved on both a monthly and year-over-year basis for April. For the month, the seasonally adjusted annual rate of single-family construction spending was $206 billion, up 1.6% from March. The April rate of multifamily construction spending was $51 billion, 3.1% higher than March. On a year-over-year basis, the pace of single-family construction spending… Read More ›

Declines for Residential Construction Spending in March

NAHB analysis of Census construction spending data finds that over the last year, the pace of private single-family construction spending increased 7.8% and multifamily construction spending increased 23.4%, despite monthly declines for March. For the month, the seasonally adjusted annual rate of single-family construction spending was $200.7 billion, down 1.8% from February. The March rate of multifamily construction spending was $49.2 billion, 2.1% lower than February. The… Read More ›

Annual Gains for Residential Construction Spending Continue

NAHB analysis of Census construction spending data finds that over the last year, the pace of private single-family construction spending increased 9.7% and multifamily construction spending increased 31.5%. For the month of February, the seasonally adjusted annual rate of single-family construction spending was $203.9 billion, down 1.4% from January. The February rate of multifamily construction spending was $50.9 billion, 4.1% higher than January. The construction… Read More ›

Single-Family and Multifamily Construction Spending Continue to Increase

NAHB analysis of Census construction spending data found that on a 3-month moving average basis, from January 2014, single-family construction spending increased 11.4% and multifamily construction spending increased 28.9%. The seasonally adjusted annual spending for single-family construction was $204.9 billion and $48.9 billion for multifamily construction. Single-family and multifamily construction spending both experienced monthly increases over December estimates. Single-family spending… Read More ›

Single-Family Construction Spending Increases 12.3% for the Year

Total private residential spending increased from the revised November estimate to a seasonally adjusted annual rate of $349.6 billion. The December month-over-month increase of 0.3% was driven by a large increase in the single-family component of private residential construction. Single-family spending increased 1.2% over the revised November estimate while multifamily spending increased 0.3%. Over the same period private construction spending… Read More ›

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 ›