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Private Residential Spending Hits Record High

By March 2, 2021Housing
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 2.5% in January to a seasonally adjusted annual rate of $713 billion, reaching a record high. Total private residential construction spending was 21% higher than a year ago. The monthly gains are largely attributed to the strong growth of spending on single-family and improvements. Single-family… Read More ›