New construction spending not keeping pace with inventory demand

Although residential housing starts show growth year-over-year, we’re seeing stagnation right now

By Caroline Feeney | inman

This month, the U.S. Census Bureau reported that new residential construction spending in May was at a seasonally adjusted annual rate of $451.9 billion.

This is very close to the revised April 2016 estimate of $451.7 billion, and above the May 2015 estimate of $359.5 billion, showing signs of recent stagnation despite an overall upward trend year-over-year.

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July 2, 2016

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New construction spending not keeping pace with inventory demand

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