Multifamily Construction Spending Inches Higher in June

Multifamily construction spending inches higher in June

The Census Bureau’s report on construction spending stated that the value of multifamily residential construction put in place in June rose slightly from the revised level of the month before. Spending on single-family residential construction was reported to fall 1.8 percent while spending on improvements was up 0.5 percent. The value of total private residential […] The post Multifamily construction spending inches higher in June appeared firs…

June Private Residential Construction Spending Dips

Private residential construction spending fell by 0.7% in June, marking the sixth straight month of decreases. This decline was primarily driven by reduced spending on single-family construction. Compared to a year ago, total spending was down 6.2%, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and elevated mortgage...

Dodge Construction Network: Construction Starts Grew 16% in June - Construction Superintendent

Total construction starts were up 16% in June to a seasonally adjusted annual rate of $1.33 trillion, according to Dodge Construction Network. Nonresidential building starts improved by 39%, residential starts fell 1%, and nonbuilding starts grew 2% over the month. On a year-to-date basis through June, total construction starts were up 1% from last year. Nonresidential starts were up 6%, residential starts were down 5% and nonbuilding starts were