new construction

Construction Spending Up 1.1% for October 2014

The Census released the monthly construction spending report today.  Spending was $971 billion in October, up +1.1% from September and an increase of +3.3% from October 2013.  This is a rebound from last month with the largest gain in five months.  September was revised upward from -0.4% to -0.,1%.  For just 2014, spending has increased 5.8%.

About Those Housing Building Permits

The headlines blare building permits are the highest in five years.  Housing building permits come from the Census issued Residential construction report and for October building permits increased 6.9%.  While that sounds great and good, it is not an indicator the residential real estate sector is red hot again as some in the press proclaim.

New Residential Construction Housing Starts Decline by -3.0% for November 2012

The November 2012 Residential construction report showed housing starts decreased, -3.0%, from October. Both October and September was revised downward. October was revised from 894,000 housing starts to 888,000. September was revised down by 20,000, from 863,000 to 843,000.

New Residential Construction Increases 3.6% for October 2012

The October 2012 Residential construction report showed Housing starts increased, 3.6%, from September's revised 863,000, to a level of 894,000 Housing starts have increased +41.9% from a year ago, outside the ±15.9% margin of error. For the month, single family housing starts decreased -0.2%.

New Residential Construction Declines -1.1% in July 2012

The July 2012 Residential construction report showed Housing starts decreased, -1.1%, from June's revised 754,000, to a level of 746,000. In June, housing starts increased by a revised +6.8%. Housing starts have increased +21.5% from a year ago, outside the ±14.2% margin of error. For the month, single family housing starts decreased -6.5%.

Residential New Construction Housing Starts -5.8% for March 2012

The March 2012 Residential construction report showed Housing starts decreased, -5.8%, from February's revised 694,000, to a level of 654,000. Housing starts have increased 10.3% from a year ago. Single family housing starts declined -0.2%. The -5.8% drop was due to apartments, 5 units or more of one building structure, which decreased -19.8% in one month.

 

Construction Spending Declined, -1.1%, in February 2012

The Census, part of the Commerce Department, today released the monthly construction spending report. This is a monthly tally, reported seasonally adjusted, annualized, of how much money was spent on construction. Spending was $808.9 billion in February. The survey has been done since 1960. The below graph shows just how badly construction spending imploded since 2008.

Residential New Construction Housing Starts Increase 1.5% for January 2012

The January 2012 Residential construction report showed Housing starts increased 1.5% from December's revised 689,000, to a level of 699,000. December housing starts were revised significantly, from 657,000 to 689,000. January 2012 is now 9.9% above January 2011's 636,000 housing starts. Housing starts increase was due to apartments, 5 units or more of one building structure, which increased 14.4% in one month.

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