Tag Archive for ‘improvements’

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 ›

NAHB Releases Remodeling by Zip Code Estimates for 2016

NAHB has released its latest projections of spending on improvements to owner-occupied housing by zip code. The projections show total spending on improvements, the number of owner-occupied homes, as well as average spending per improvement, in each zip code for calendar year 2016.  Also shown for each zip are 2016 projections for the five key variables NAHB uses to estimate home improvement… 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 ›

NAHB Releases Remodeling Estimates by Zip Code

NAHB has released estimates of spending on improvements to owner-occupied housing by zip code.  The estimates are based on a model relating improvement spending to five key variables (number of homes in the area, the share built in 1960s, share built in the 1970s, owners’ average income and level of education) for calendar year 2015.  The estimates show total spending on improvements,… Read More ›

In Second Quarter, NAHB’s Index of Remodeler Confidence Rebounds

In the second quarter, NAHB’s Remodeling Market Index (RMI) rebounded two points to 59 (after having slipped slightly from 60 to 57 in the first quarter). An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower.  The RMI, which averages ratings of current remodeling with indicators of future activity, has been over… Read More ›

Remodelers See Market Improving

NAHB’s Remodeling Market Index (RMI) was 60 in the final quarter of 2014, indicating widespread confidence among remodelers that the market was improving compared to the previous quarter. The RMI and each of its components lies on a scale of 0 to 100, where a number above 50 indicates that more remodelers report market activity has improved (compared to the… Read More ›

Remodeling by Zip Code: NAHB Releases 2014 Projections

NAHB just released new estimates of spending on improvements to owner-occupied housing by zip code.  The estimates are based on a model relating improvement spending to five key variables (number of homes in the area, the share built in the ’60s, share built in the ’70s, owners’ average income and level of education), projected to calendar year 2014.  As before,… Read More ›