Category Archives: Construction

NAHB Says Prospective Buyer Traffic Is At Its Highest Level in 6 Years

| September 18, 2013

The National Association of Home Builders reports that builder confidence in the market for newly built single-family homes held steady in September after four consecutive months of improvements. This year, the component gauging traffic of prospective buyers increased one point, to 47, the highest since October 2005. Any number over 50 indicates that more builders […]

Residential Construction Spending Rises in July

| September 4, 2013

According to the U.S. Census Bureau, residential construction spending grew by 0.6% in July. This also includes a seasonally adjusted annual rate of $332.65 billion in June to $334.58 billion in July.  This rate was 17.2% above the $285.55 billion posted in July 2012. July also saw 0.5% growth in single-family homes to a seasonally […]