Eye On Housing
According to the Census Bureau, total spending on private residential construction projects increased 0.8% during December. The initial estimate for November was revised measurably lower from an increase of 2% down to an outright decline of 0.3% (due primarily to a sizable downward revision to home improvement spending), while the reported growth rate for October was bumped up to 2.8%…. Read More ›
Tag Archive for ‘single-family’
Fed Beige Book: Modest Pace of Growth Continues for Most Districts
The latest release of the Federal Reserve’s Beige Book indicates that economic activity expanded at a “modest to moderate pace” in nearly all 12 Fed Districts. The sole exception was the Richmond District, and even there local economic activity was described as being at worst flat versus the previous reporting period. Participants noted a solid increase in consumer spending activity… Read More ›
Private Residential Construction Spending Climbs Higher in November
According to the Census Bureau, private residential construction spending increased 2% during November. While the initial estimate for October was revised lower to 2.3% (from 3.4%) this was offset by an increase in the September reading from 0.6% to 1.5%. Private residential construction spending has risen in each of the last four months. On a year-over-year basis, outlays have increased… Read More ›
Top 2011 Posts: Cost of Constructing a New Single-Family Home in 2011
With the end of 2011 approaching, the contributors of NAHB’s Eye on Housing thought it would be useful to take a look at the updates that attracted the most readers over the last year. In November, we reported NAHB analysis of the cost of constructing an average new single-family home. The results indicate that the cost per square foot of constructing a… Read More ›