Multifamily construction spending increased 2.8 percent during July and has experienced gains in each of the last 10 months.
Multifamily construction spending registered its 12th consecutive month - to - month increase, gaining 1.3 % over August 2012.
NAHB analysis of Census construction spending data finds that over the last year, the pace of private single - family construction spending increased 7.8 % and
multifamily construction spending increased 23.4 %, despite monthly declines for March.
The monthly gains are largely attributed to the increase in
multifamily construction spending....
The February rate of
multifamily construction spending was $ 50.9 billion, 4.1 % higher than January.
However,
multifamily construction spending slipped 1.6 % after the September dip, and was 2 % lower since a year ago.
NAHB analysis of Census construction spending data finds that over the last year, the pace of private single - family construction spending increased 9.7 % and
multifamily construction spending increased 31.5 %.
The April rate of
multifamily construction spending was $ 51 billion, 3.1 % higher than March.
Single - family and
multifamily construction spending both experienced monthly increases over December estimates.
Not exact matches
Nationally, real
spending on new
multifamily construction showed a long - term upward trend prior to the collapse of the housing bubble, and it has rebounded strongly in the aftermath of the collapse, such that it is currently near its 2006 all - time high.
March
multifamily residential
construction spending had significant gains from one year ago.
The seasonally adjusted annual
spending for single - family
construction was $ 204.9 billion and $ 48.9 billion for
multifamily construction.
The new
construction spending estimates released by the Census Bureau this morning include significant upward revisions to the
multifamily construction....
Within private residential
construction,
spending on single - family and
multifamily both declined in June....
Tags: apartments,
construction spending, economics, home improvement
spending, housing,
multifamily, remodeling, single - family
Still, the overall trend remains decidedly positive for new
multifamily construction activity as the level of
spending is 52 % ahead of the pace in February 2012 and has more than doubled the August 2010 low point.
Tags:
construction spending, economics, home improvement, housing,
multifamily, remodeling, single - family housing
The
multifamily construction sector registered its slowest rate of month - to - month growth in nearly a year, but November's 0.5 percent still marked the 14th month in a row
spending activity has increased.
Multifamily construction has staged the strongest rebound over the past year, and that trend continued into August as
spending climbed 3.7 %.
Single - family
construction spending inched up 0.3 %, while
multifamily spending rebounded by 0.9 % in August.
Because,
multifamily general contractors outsource most of their
construction work, they
spend relatively less on materials, components, supplies, and selected power and fuels - 21 percent of the total business receipts, compared to 37 percent by SF general contractors, 31 percent by residential remodelers, and 36 percent by STC.