Tag Archive for ‘construction spending’

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 ›

Construction Spending Rises in December

NAHB analysis of Census construction spending data shows that total private residential construction spending for December increased to a seasonally adjusted annual rate of $430 billion. On a month-over-month basis, private single-family spending was $231 billion, up by 1% over the revised November estimate. Private multifamily spending also increased to $53 billion, up by 2.66%. Over the same period, private… Read More ›

Construction Spending Rises in November; Significant Improvement Spending Revisions

NAHB analysis of Census construction spending data shows that total private residential construction spending for November increased to a seasonally adjusted annual rate of $428 billion. On a month-over-month basis, private single-family spending was $227 billion, up by 0.6% over the revised October estimate. But private multifamily spending decreased to $57 billion, down by 0.7%. Annually, the pace of multifamily… Read More ›

October Gains for Residential Construction Spending

NAHB analysis of Census construction spending data shows that total private residential construction spending for October increased to a seasonally adjusted annual rate of $399 billion. On a month-over-month basis, private single-family spending was $226 billion, up by 1.6% over the revised September estimate. Private multifamily spending increased to $58 billion, up by 1.4%. Annually, the pace of multifamily spending… Read More ›

Residential Construction Spending Continued Rising in September

NAHB analysis of Census construction spending data shows that total private residential construction spending for September increased, rising to a seasonally adjusted annual rate of $395 billion. On a month-over-month basis, private single-family spending was $222 billion, up by 1.3% over the revised August estimate. Private multifamily spending increased to $57 billion, up by 5%. Annually, the pace of multifamily… Read More ›

Residential Construction Spending Rose in August

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for August continued to increase, rising to a seasonally adjusted annual rate of $390 billion. On a month-over-month basis, private single-family spending was $219 billion, up by 0.7% over the revised July estimate. Private multifamily spending increased to $53 billion, up by 4.8%, reversing the decline… Read More ›

July Gains for Residential Construction Spending

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for July continued to increase, rising to a seasonally adjusted annual rate of $387 billion. On a month-over-month basis, private single-family spending was $218 billion, up by 2.1% over the revised June estimate. Private multifamily spending declined to $52 billion, down by 2.2%, after three months… Read More ›

June Gains for Residential Construction Spending

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for June increased to a seasonally adjusted annual rate of $378 billion. On a month-over-month basis, private multifamily spending increased to $52 billion, up by 2.82% over the revised May estimate, while private single-family spending was $211 billion, a slight decline of 0.27% after two months… Read More ›

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 ›