Tag Archive for ‘new residential 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 ›