Tag Archive for ‘construction spending’

Residential Construction Spending Surges on New Construction and Remodeling

Private residential construction spending jumped 2.8% on a month-to-month basis during September 2012. The preliminary estimates for July and August were revised higher as well, from previous prints of -0.1% and 0.9% to 1.3% and 1.2%, respectively. Nominal spending activity on private residential construction has expanded in 13 of the last 14 months, putting it nearly 21% above September 2011… Read More ›

Residential Construction Spending Rebounds in August

Private residential construction spending increased 0.9% on a month-to-month basis during August 2012. In addition, estimates for both June and July were revised upward strongly from initial readings of 2.4% and -1.6% to 3.3% and -0.1%, respectively. The nominal level of private residential construction spending has improved significantly over the past year, rising nearly 18% since last August and reaching… Read More ›

Residential Construction Spending Rises in June

According to the Census Bureau, private residential construction spending increased for the third consecutive month in June, gaining 1.3 percent from an upwardly revised estimate for May 2012. The overall trend in private residential construction spending has been quite strong as the data expressed on a three-month moving average basis has risen in each of the last 9 months. With… Read More ›

Private Residential Construction Reaches Three-Year High in May

The Census Bureau’s newest release on construction spending showed a 2.8 percent increase in spending activity for private residential projects in May 2012. On a three-month moving average basis, spending has increased during each of the last 8 months. This release also featured revisions to prior estimates dating back to January 2010. While the modest upswing in total private residential… Read More ›

Private Residential Construction Spending Surges in April

Today’s construction spending release from the Census Bureau revealed a strong 2.8 percent jump in spending on private residential projects during April 2012. The initial estimates for February and March were revised from -2.2% and 0.7% to 0.1% and 0.4%, respectively. Overall, private residential construction spending has increased in each of the last 9 months. New single-family construction activity continued… Read More ›

Private Residential Construction Spending Increases in March

The Census Bureau’s newest report on construction spending showed a 0.7 percent jump in spending activity on private residential projects in March 2012. Initial estimates for January and February were revised from earlier readings of -0.1% and generally unchanged to an increase of 0.5% and a drop of 2.2%, respectively. The new single-family component for construction spending gained 3.8 percent… Read More ›

Multifamily Starts Slow in March, but Permits Increase

In March, the (seasonally adjusted) annual rate of starts in buildings with five or more apartments was 178,000, according to the latest release from the Census Bureau’s Manufacturing and Construction Division.  This is a 20 percent decrease from the February starts rate (which was revised downward slightly) but is nearly 9% higher than the March 2011 rate.  And the long-run trend continues… Read More ›