Eye On Housing
NAHB analysis of Census Construction Spending data shows that total private residential construction spending for April dropped to a seasonally adjusted annual rate of $439.7 billion, down by 1.5% over the March upwardly revised estimate. Private nonresidential construction spending was also down 1.5%, the first decline in 2016. Within private residential construction, spending on multifamily and improvements both declined in… Read More ›
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 ›
Private residential construction spending reached the highest rate since November 2007. NAHB analysis of Census Construction Spending data shows that total private residential construction spending for February increased to a seasonally adjusted annual rate of $448 billion, up by 0.9% over January’s revised estimate. Meanwhile the nonresidential construction spending slipped 1.4% after a huge increase in January. Within the private… Read More ›
Total private residential construction spending stood at a seasonally adjusted annual rate of $433.2 billion in January, virtually unchanged from December’s upwardly revised rate of $433.1 billion. It was up 7.7% from one year earlier and the highest since November 2007. The new construction spending estimates released by the Census Bureau this morning include significant upward revisions to the multifamily construction…. Read More ›
NAHB analysis of Census construction spending data shows that total private residential construction spending for December increased to a seasonally adjusted annual rate of $430 billion. On a month-over-month basis, private single-family spending was $231 billion, up by 1% over the revised November estimate. Private multifamily spending also increased to $53 billion, up by 2.66%. Over the same period, private… Read More ›
NAHB analysis of Census construction spending data shows that total private residential construction spending for November increased to a seasonally adjusted annual rate of $428 billion. On a month-over-month basis, private single-family spending was $227 billion, up by 0.6% over the revised October estimate. But private multifamily spending decreased to $57 billion, down by 0.7%. Annually, the pace of multifamily… Read More ›
NAHB analysis of Census construction spending data shows that total private residential construction spending for October increased to a seasonally adjusted annual rate of $399 billion. On a month-over-month basis, private single-family spending was $226 billion, up by 1.6% over the revised September estimate. Private multifamily spending increased to $58 billion, up by 1.4%. Annually, the pace of multifamily spending… Read More ›
NAHB analysis of Census construction spending data shows that total private residential construction spending for September increased, rising to a seasonally adjusted annual rate of $395 billion. On a month-over-month basis, private single-family spending was $222 billion, up by 1.3% over the revised August estimate. Private multifamily spending increased to $57 billion, up by 5%. Annually, the pace of multifamily… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending for August continued to increase, rising to a seasonally adjusted annual rate of $390 billion. On a month-over-month basis, private single-family spending was $219 billion, up by 0.7% over the revised July estimate. Private multifamily spending increased to $53 billion, up by 4.8%, reversing the decline… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending for July continued to increase, rising to a seasonally adjusted annual rate of $387 billion. On a month-over-month basis, private single-family spending was $218 billion, up by 2.1% over the revised June estimate. Private multifamily spending declined to $52 billion, down by 2.2%, after three months… Read More ›