Private Residential Spending Dips for Second Month

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate of $774.9 billion, down 0.5% from the upwardly revised September estimates. Total private residential construction spending was 16.7% higher than a year ago. Spending on single-family, multifamily constructions and improvements all declined in October, as homebuilding is still facing… Read More ›