Eye On Housing
NAHB analysis of the Census Construction Spending data shows total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $535.9 billion in May. It was down 4.0% in May, after a 5.1% decline in April, due to the economic consequences of the COVID-19 lockdowns. On a year-over-year basis, however, total private construction spending inched up 0.7%…. Read More ›
NAHB analysis of the Census Construction Spending data shows total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $536.8 billion in April. It was down 4.5% in April, after a 0.2% dip in March, due to the economic consequences of the COVID-19 lockdowns. On a year-over-year basis, however, total private construction spending rose 6.2%. The… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $500.9 billion in March, the lowest level since December 2016. It was the third consecutive monthly decrease after a rebound in December 2018. The total private residential construction spending was down by 1.8% in March after a… Read More ›
Building material prices topped the list of problems builders faced in 2018, but cost and availability of labor is expected to return to the number one spot in 2019, according to special questions on the January survey for the NAHB/Wells Fargo Housing Market Index. The survey results showed that material prices were a significant issue for 87% of builders last… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $536.7 billion in December. It was down 1.4% for the month after a 3.4% increase in November. Total private residential spending was 3.3% higher in 2018 relative to 2017. Multifamily construction spending hit a new record high,… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $542.5 billion in November. It was up 3.5% this month after three consecutive monthly decreases. Total private residential construction spending was 0.8% higher than a year ago. The monthly gain is largely attributed to the steady growth… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending inched up 0.6 percent in September, after a dip of 0.4 percent in August. On a quarterly basis, private residential construction spending climbed 0.9 percent in the third quarter. Private residential construction spending increased in September, despite the decline of the total housing starts amidst the… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending dipped 0.5 percent to a seasonally adjusted annual rate of $568.3 billion in June. Nevertheless, on a quarterly basis, private residential construction spending climbed 4.0 percent in the second quarter, the largest quarterly gain since 2017. Moreover, total private residential construction spending was 8.8 percent higher… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate of $533.4 billion in February, a gain of 0.1% from the upwardly revised estimate of January. Over the past 12 months, total private residential construction spending was up 5.5%. The monthly gains are largely attributed to the large increase… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $529.9 billion in January 2018, up by 0.3% after a decline of 0.5% in December 2017. Compared to the same month a year ago, total private residential spending increased 4.2%. The monthly gains are largely attributed to… Read More ›