Private residential construction spending in the USA

As reported by the Eye on Housing blog of the National Association of Homebuilders, spending on private residential construction in the USA increased in the last months of 2017, following a slight dip earlier in the year. Expenditures on residential construction have increased dramatically in recent years following the dramatic declines that began in 2006 for single-family housing and 2008 for multifamily housing. The drop in single-family housing expenditures from the peak in 2006 to the valley in 2009 was about 75%. The magnitude of the multi-family expenditure decline from 2008 to 2011, was similar. Multi-family expenditures now exceed the levels achieved in the run-up to the Great Recession. Single-family expenditures still lag behind the peak level of 2006.

Source: National Association of Homebuilders