Friday, June 3, 2011

Home Improvements Drive Rise in Residential Construction Spending in April

A marked increase on home improvement expenditure provided a notable rise in private residential construction spending in March, but spending on single-family and multifamily housing construction continued to decline. The Construction Spending report from the Bureau of Census indicated a 3.1% increase in private residential construction spending to $232.1 billion from a downwardly revised $225.07 billion March (March private residential construction spending was previously reported as $229.1 billion).

To read the rest of the article at NAHB's Eye on Housing, click here.

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