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Construction spending during Sept. 2018 was estimated at a seasonally adjusted annual rate of $1,329.5 billion, nearly the same as the revised August estimate of $1,328.8 billion. The September figure is 7.2% above the Sept. 2017 estimate of $1...
Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,201,000, -5.3% below the revised August estimate of 1,268,000, but +3.7% above the Sept. 2017 rate of 1,158,000. Single‐family housing starts in September...
When you stop and think about the potential economic impact of what each new resident could potentially mean to any metro, the importance of this statistic becomes clear.
Total construction year-to-date is up +1%, according to Dodge data. Not counting the utility/gas category, which is down -45% for the year, total construction YTD would be +4% over 2017.
More often than not, the local markets showing the best growth year-over-year in GMP or the biggest population increases are also showing good growth in customer employment, housing starts, and the amount of new commercial construction breaking...
