Multifamily Construction Spending Hits New Record High

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NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $536.7 billion in December. It was down 1.4% after a 3.4% increase in November. On a year-on-year basis, total private residential construction spending fell 1.3% in 2018, the first annual decline since 2011. However, multifamily construction spending… Read More ›

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