Tag Archive for ‘construction spending’

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 ›

Construction Spending: Improving at a Slower Rate

Total private residential construction spending increased marginally to a seasonally adjusted annual rate of $334.6 billion in July 2013 according to Census estimates. Spending continues to improves, but remains well below the peak pace of $676.4 billion in March 2006. The current reading is 17.2% higher than a year ago. Single-family spending registered a slight increase of 0.5% for the month, while the home improvement category… Read More ›

Construction Spending: Improvement Spending Shows Strength

After recent positive data revisions, seasonally adjusted improvement spending has shown growth during the spring of 2013.  The current pace of improvement spending is the highest since 2007. This improved picture of the remodeling market is consistent with NAHB surveys of remodelers, suggesting improving market conditions during the second quarter.  According to the current Census construction spending report, total private residential construction spending was effectively… Read More ›

Single-Family, Multifamily, Home Improvement Spending All Up

Total private residential construction spending increased to a seasonally adjusted annual rate of $328.6 billion in May 2013, the fastest pace of residential construction since October 2008. The reading is 1.2 percent above the positively revised April estimate and 22 percent higher since a year ago. All three components of residential construction spending registered gains. New multifamily construction spending showed… Read More ›

Single-Family and Multifamily Spending Up, Remodeling Declines Again

Total private residential construction spending decreased a negligible 0.1% on a month-over-month basis during April 2013, with the net decline driven by a further decrease in improvement spending. However, total housing-related spending is up 18.8% from April 2012 and has increased 35.7%  from the cycle low point in 2009. Spending on new single-family housing has now increased for 22 of the last 23 months, increasing… Read More ›

Weak Remodeling Activity Weighs on Residential Construction Spending

Total private residential construction spending increased 0.4% on a month-to-month basis during March 2013. After data revisions, first quarter nominal spending levels came in 2.3% lower than the final three months of 2012. With that said, private construction spending has bounced back by 33% since its cyclical low from nearly two years ago and has advanced more than 18% compared… Read More ›