Multifamily Construction Spending Reaches Record High in November

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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 $542.5 billion in November. It was up 3.5%this month after three consecutive monthly decreases. Total private residential construction spending was 0.8% higher than a year ago. The monthly gain is largely attributed to the steady growth of… Read More ›

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