Tag Archive for ‘construction spending’

Spending on Private Residential Construction Finishes Year on a High Note

According to the Census Bureau, total spending on private residential construction projects increased 0.8% during December. The initial estimate for November was revised measurably lower from an increase of 2% down to an outright decline of 0.3% (due primarily to a sizable downward revision to home improvement spending), while the reported growth rate for October was bumped up to 2.8%…. Read More ›

Private Residential Construction Spending Climbs Higher in November

According to the Census Bureau, private residential construction spending increased 2% during November. While the initial estimate for October was revised lower to 2.3% (from 3.4%) this was offset by an increase in the September reading from 0.6% to 1.5%. Private residential construction spending has risen in each of the last four months. On a year-over-year basis, outlays have increased… Read More ›

Residential Construction Spending Rises in October

Spending on private residential construction projects jumped 3.4% during October. The initial estimate for September was also revised higher, shifting from a gain of 0.2% up to 0.6%. Even with these recent improvements, total private residential construction spending has failed to gain any considerable forward momentum in the past year, with modest growth of only 1.7% rate versus October 2010…. Read More ›