A recent National Association of Homebuilders (NAHB) analysis of the Census Construction Spending data shows that private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $938.2 billion in May. That’s up 0.2% over the upwardly revised April estimates of $935.9 billion. On a year-over-year basis, total private construction spending was 19% […]

The second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) shows the COVID-19 pandemic has prompted a suburban shift for consumer home buying preferences. “The increasing demand for construction in more suburban neighborhoods is being driven in large part by the coronavirus outbreak,” said NAHB chairman Chuck Fowke, a custom home […]

Total housing starts rose 12.3% in August primarily due to a surge in multifamily production, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest level since May 2007. “This solid report is in line with our latest survey on builder sentiment,” said Greg Ugalde, chairman of […]

Major manufacturing areas saw a drop in home construction in the second quarter of 2019 the latest Home Building Geography Index (HBGI) reports. The National Association of Home Builders (NAHB) annual report heralds an economic softening in the manufacturing sector contrasting 2017 growth rates of home construction where counties with relatively high shares of local […]

Total housing starts fell 4% in July from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development (HUD) and Commerce Department. Due to a decline in multifamily production, the seasonally adjusted annual rate of 1.19 million units is the number of housing units builders would begin if […]

The multifamily construction sector has been growing rapidly for six years. But is the market finally maturing? Maybe, maybe not. But one thing seems certain—it won’t be dying off any time soon. Dodge Data & Analytics chief economist Robert Murray discussed the topic during last week’s 2016 Dodge Outlook Conference in Washington, D.C., upon the […]