Tag Archive for ‘multifamily construction’

Residential Construction Spending Ends 2016 on High Note

NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 0.5% in December 2016 to a seasonally adjusted annual rate (SAAR) of $466.9 billion. After slowing in August and September the SAAR of spending on residential construction finishes 2016 with its third consecutive monthly increase. Multifamily construction spending in December grew by 2.8% to a seasonally-adjusted annual… Read More ›

Single-Family Construction Up in November

NAHB analysis of Census Construction Spending data shows that total private residential construction spending fell 0.7% in November to a seasonally adjusted annual rate of $462.9 billion. Multifamily construction spending slowed for the first time since July to a seasonally-adjusted annual rate of $61.9 billion, down 2.9% from the revised October estimate. Despite the slowdown, multifamily spending was still 10.7%… Read More ›

Multifamily Production: 1st Quarter 2016

An elevated market share for rental multifamily homes is holding typical new apartment size below levels seen during the pre-recession period. However, as multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. The recent pattern of change in the size of new multifamily units stands in contrast to the post-recession increase in the size of… Read More ›