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US Housing Construction Spending Post Gains
The North American Association of Home Builders’ analysis of total private residential construction spending Census data finds that all three components increased in October. Single-family spending increased 1.8 per cent, multifamily spending increased 1 per cent, and home improvement spending increased 0.6 per cent from revised September estimates. Total private residential construction spending (all three…
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US Housing Starts
Building of single-family units in the United States, roughly two-thirds of the market, fell a modest 2.4 per cent in August, Commerce Department figures showed Thursday. Home construction fell last month after surging to a post-recession high in July, a sign of choppy progress in the housing market. Total US housing starts fell 14.4 per…
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US Housing Starts
Housing starts in the US fell 6.5 per cent in May to a seasonally adjusted annual pace of 1.001 million, the Commerce Department said Tuesday. That marked the first decline in four months. The decline was broad-based across regions and type of construction. Single-family housing starts fell 5.9 per cent, while multifamily fell 7.6 per…
