Residential construction spending up in September

Printer-friendly versionSend by email

Residential construction spending rose 1.8% in September, according a report from Reed Construction.

November 12, 2010

 

Residential construction spending rose 1.8% in September, according a report from Reed Construction.

However, these numbers mask a difference between the main housing segments. Multifamily construction spending increased 2.9%, spurred mainly by more people moving into the rental market. Meanwhile, single-family construction actually fell 2.6%, as homebuilders are still feeling the affects of the post tax-credit payback period.

The report does forecast single-family construction spending to surge 18% next year and 28% in 2012.

Comments on: "Residential construction spending up in September"

December 2014

This Month in Professional Builder

Products

Skyline Windows released an ADA-compliant crank operated tilt and turn window with incremental control. 

Features

Builders are more optimistic about the industry as the overall economy becomes less of a concern, even as the rising cost of materials and labor commands more attention.

Email Subscriptions