Eye On Housing
Spending on private residential construction activity ticked 0.4% higher on a month-to-month basis during November 2012. October’s preliminary reading of a 3% gain was bumped down to a 1.3% increase, but at the same time the initial estimate for September was pushed upward from 1.1% to 2.9%. Spending has increased in each of the last 8 months (and 15 of… Read More ›
Tag Archive for ‘construction spending’
Residential Construction Spending Climbs to 4-year High
Private residential construction spending surged 3% on a month-to-month basis in October 2012. The initial estimate for September was revised downward from a 2.8% gain down to a 1.1% rate of growth; however, this was more than offset by an upward bump in the previously reported estimate for August from 1.2% to 2.8%. Following increases in 14 of the last… Read More ›
Residential Construction Spending Surges on New Construction and Remodeling
Private residential construction spending jumped 2.8% on a month-to-month basis during September 2012. The preliminary estimates for July and August were revised higher as well, from previous prints of -0.1% and 0.9% to 1.3% and 1.2%, respectively. Nominal spending activity on private residential construction has expanded in 13 of the last 14 months, putting it nearly 21% above September 2011… Read More ›
Residential Construction Spending Rebounds in August
Private residential construction spending increased 0.9% on a month-to-month basis during August 2012. In addition, estimates for both June and July were revised upward strongly from initial readings of 2.4% and -1.6% to 3.3% and -0.1%, respectively. The nominal level of private residential construction spending has improved significantly over the past year, rising nearly 18% since last August and reaching… Read More ›
Residential Construction Spending Rises in June
According to the Census Bureau, private residential construction spending increased for the third consecutive month in June, gaining 1.3 percent from an upwardly revised estimate for May 2012. The overall trend in private residential construction spending has been quite strong as the data expressed on a three-month moving average basis has risen in each of the last 9 months. With… Read More ›
Private Residential Construction Reaches Three-Year High in May
The Census Bureau’s newest release on construction spending showed a 2.8 percent increase in spending activity for private residential projects in May 2012. On a three-month moving average basis, spending has increased during each of the last 8 months. This release also featured revisions to prior estimates dating back to January 2010. While the modest upswing in total private residential… Read More ›
Private Residential Construction Spending Surges in April
Today’s construction spending release from the Census Bureau revealed a strong 2.8 percent jump in spending on private residential projects during April 2012. The initial estimates for February and March were revised from -2.2% and 0.7% to 0.1% and 0.4%, respectively. Overall, private residential construction spending has increased in each of the last 9 months. New single-family construction activity continued… Read More ›
Private Residential Construction Spending Increases in March
The Census Bureau’s newest report on construction spending showed a 0.7 percent jump in spending activity on private residential projects in March 2012. Initial estimates for January and February were revised from earlier readings of -0.1% and generally unchanged to an increase of 0.5% and a drop of 2.2%, respectively. The new single-family component for construction spending gained 3.8 percent… Read More ›
Multifamily Starts Slow in March, but Permits Increase
In March, the (seasonally adjusted) annual rate of starts in buildings with five or more apartments was 178,000, according to the latest release from the Census Bureau’s Manufacturing and Construction Division. This is a 20 percent decrease from the February starts rate (which was revised downward slightly) but is nearly 9% higher than the March 2011 rate. And the long-run trend continues… Read More ›
Private Residential Construction Holds Steady in February
The Census Bureau reported that private residential construction spending was essentially unchanged between January and February 2012. However, the initial readings for December and January were revised appreciably lower, respectively, to an increase of 0.4% and a slight decline in spending of -0.1% (versus previous estimates of 1.5% and 1.8%). In concert with other indicators such as new housing starts,… Read More ›