Tag Archive for ‘construction spending’

Residential Construction Spending Ends 2016 on High Note

NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 0.5% in December 2016 to a seasonally adjusted annual rate (SAAR) of $466.9 billion. After slowing in August and September the SAAR of spending on residential construction finishes 2016 with its third consecutive monthly increase. Multifamily construction spending in December grew by 2.8% to a seasonally-adjusted annual… Read More ›

Single-Family Construction Up in November

NAHB analysis of Census Construction Spending data shows that total private residential construction spending fell 0.7% in November to a seasonally adjusted annual rate of $462.9 billion. Multifamily construction spending slowed for the first time since July to a seasonally-adjusted annual rate of $61.9 billion, down 2.9% from the revised October estimate. Despite the slowdown, multifamily spending was still 10.7%… Read More ›

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 ›