US Construction Spending: April 2015

US Construction Spending: April 2015

NAHB analysis of Census construction spending data released Monday finds that the pace of residential construction spending improved on both a monthly and year-over-year basis for April.

SOURCE: US National Association of Home Builders
SOURCE: US National Association of Home Builders

For the month, the seasonally adjusted annual rate of single-family construction spending was US$206 billion, up 1.6 per cent from March. The April rate of multifamily construction spending was US$51 billion, 3.1 per cent higher than March.

SOURCE: CMD Group  (formerly Reed Construction Data)
SOURCE: CMD Group
(formerly Reed Construction Data)

On a year-over-year basis, the pace of single-family construction spending was up more than 9 per cent from April 2014, while multifamily spending was almost 25 per cent higher.

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