August Gains for Private Residential Construction Spending | Eye On Housing

By Na Zhao on October 2, 2023 • NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 0.6% in August. It is the fourth consecutive increase since May 2023, standing at a seasonally adjusted annual pace of $879.9 billion. However, total private residential construction spending is still 3.1% lower compared…