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% […]

With an eye on U.S. infrastructure, environmental protection and competition with China, President Joe Biden debuted the American Jobs Plan in recent weeks, calling on Congress to place significant investments into rebuilding the U.S. economy. As the second part of a presidential agenda labeled “Build Back Better,” the plan focuses on job creation and improvements […]

While the U.S. economy shrank by 3.5% in 2020, spending on home improvements and repairs grew more than 3%, to nearly $420 billion, as households modified living spaces in response to COVID-19. This is according to Improving America’s Housing 2021, a new report released last week by the Harvard Joint Center for Housing Studies. “From 2010 […]

While 2020 will forever represent a blight on world history, so far as the U.S. economy is concerned it managed to include one bright spot: housing. In January 2020, ahead of the coronavirus, leading experts told [DWM] that even if an economic downturn were to occur, residential construction was expected to continue, despite the circumstances. […]