Private residential construction spending rises in August

By Na Zhao | National Association of Home Builders

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $520.9 billion in August, 0.5% up from downwardly revised July estimates. It was the fourth consecutive monthly increase after a dip in April. Hurricane Harvey that made landfall late in August did not have significant impacts on construction spending in the same month. The total private residential construction spending was 11.7% higher than a year ago.

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