Private Residential Spending Dips in September

NAHB analysis of Census Construction Spending data shows that total private residential construction spending decreased 0.4% in September to a seasonally adjusted annual rate of $773.5 billion. Total private residential construction spending was 19.3% higher than a year ago. Spending on single-family, multifamily constructions and improvements all declined in September, as homebuilding is still facing the supply chain issues, the… Read More ›