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U.S. Construction Spending Up Slightly in September

U.S. Construction Spending Up Slightly in September The U.S. government is reporting that total construction spending in September, 2022 was at a seasonally adjusted annual rate of $ 1,811.1 billion, which is 0.2% higher than August’s revised estimate but is 10.9% higher than one year ago.  Residential construction came in at a seasonally adjusted annual

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U.S. Construction Spending Down 0.4% in July

U.S. Construction Spending Down 0.4% in July The U.S. government is reporting that total construction spending in July, 2022 was at a seasonally adjusted annual rate of $ 1,777.3 billion, which is 0.4% lower than June’s revised estimate but is 8.5% higher than one year ago.  Residential construction came in at a seasonally adjusted annual

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Single-Family Built-for-Rent Construction Surges

Single-Family Built-for-Rent Construction Surges The NAHB’s Eye on Housing says Single-family built-for-rent (SFBFR) construction surged during Q2, 2022 as higher mortgage rates caused homebuying affordability to decline.  According to analyzed Census data, there were approximately 21k single-family built-for-rent (SFBFR) starts during the second quarter of 2022 –  a 91% gain over Q2, 2021. “The SFBFR

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U.S. Construction Spending Up 1.1% in June

U.S. Construction Spending Up 1.1% in June The U.S. government is reporting that total construction spending in June, 2022 was at a seasonally adjusted annual rate of $ 1,762.3 billion, which is 1.1% higher than May’s revised estimate and 8.3% higher than one year ago.  Residential construction came in at a seasonally adjusted annual rate

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Construction Delays in the Apartment Industry Ongoing as Costs Rise

Construction Delays in the Apartment Industry Ongoing as Costs Rise The National Multifamily Housing Council says 97% of apartment developers report experiencing construction delays.  Breaking that down, they say that of those experiencing overall delays, 83% reported delays in permitting and 93% reported delays in starts.  In addition, they found that 87.5% of developers avoid

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