Eye On Housing
The latest Census estimate shows significant gains in single-family and multifamily private residential construction spending from one year ago. On a 3-month moving average basis from July 2013, single-family construction spending increased 9.9% and multifamily construction spending increased 38.4%. The current seasonally adjusted annual rate for total private residential construction spending (single-family, multifamily, and home improvements) is $358.1 billion. Although… Read More ›
Despite two consecutive monthly declines, the value of construction spending remains higher than levels recorded a year ago. For the month of June, Census data indicate that the total value of private residential construction spending (put-in-place) declined 0.3% from May to a seasonally adjusted annualized rate of $356 billion. Single-family spending was down in June by 1.4%, to a $184 billion rate…. Read More ›
Housing news continued to improve as pending home sales surged following a slow first quarter. Home prices also continued to move higher but at a more moderate pace, suggesting the extra push caused by investors may be slowing. Economic news, however, was mixed. Consumer confidence increased in response to improving labor market conditions. On the other hand, new estimates from… Read More ›
The latest Census estimate of total private residential construction spending is 7.5% higher than one year ago. In particular, the release shows significant improvement in construction spending for the single-family and multifamily categories. From May 2013, on a 3-month moving average basis, single-family construction spending increased by 12.3% and multifamily construction spending increased by 33.0%. The current seasonally adjusted annual… Read More ›
Total private residential construction spending increased to a seasonally adjusted annual rate of $378.5 billion according to the latest Census estimates. The current reading is a slight increase of 0.1% from the revised March estimate and 17.2% higher than one year ago. Single-family spending increased by 1.3% month-over-month while the home improvement category decreased by 2.2%. Multifamily spending posted another strong month-over-month increase of… Read More ›
Residential construction spending posted a small increase in March but was effectively unchanged over the beginning of 2014. The total value of private residential construction put-in-place increased to a seasonally adjusted annual rate of $369.8 billion according to the latest Census estimates. The current reading is an increase of 0.8% from the revised February estimate of $367 billion but is 16% higher than one… Read More ›
Total private residential construction spending decreased in February after three consecutive months of growth. The unusually cold winter may have finally caught up to total residential spending and contributed to a slight month-over-month decline. Total private residential construction spending dropped to a seasonally adjusted annual rate of $360.4 billion according to the latest Census estimates. The current reading is a decrease of 0.8%… Read More ›
According to Census estimates, total private residential construction spending increased to a seasonally adjusted annual rate of $359.9 billion during January. The current reading is an increase of 1.1% from the revised December estimate and 14.6% higher than one year ago. Total private residential construction spending increased for the third consecutive month. Single-family spending registered an increase of 2.3% for the month, while the… Read More ›
Total private residential construction spending increased in December for the second consecutive month to a seasonally adjusted annual rate of $352.6 billion according to Census estimates. The current reading is a 2.6% increase above the revised November figures and 18.3% higher than one year ago. Single-family spending registered a healthy increase of 3.4% for the month, while the multifamily category saw a more modest increase… Read More ›
Total private residential construction rebounded in November after a slight drop in October. According to Census estimates, total private residential construction spending increased to a seasonally adjusted annual rate of $345.5 billion in November. The current reading is a 1.3% increase from the revised October estimate and 16.6% higher than a year ago. Single-family spending registered an increase of 1.8% for the month, while the… Read More ›