Construction spending hits new record in January
Spending on residential construction last month was up 21% from 2020
Spending hit a seasonally adjusted annual estimated rate of $1.5 trillion across all sectors last month, the highest on record.
https://t.co/fGd0aHglcf
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👀Permits to build new single-family homes in Central #Arizona totaled a 52% increase in December 2020 over December 2019. Permits ended the year up 18%.
#HBACA Members check out more data including a city by city breakdown. 📈🏘️
▶️https://t.co/5niKpog6Ul
"Housing continues to add jobs. Dec gain for builders and remodelers of 22,700, with jobs up 57,200 from a year ago. Residential construction is now at a post-Great Recession high, up 16,000 from prior peak in Feb 2020."
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Construction workers have the (almost) highest rate of both asymptomatic and symptomatic positive covid tests out of any industry: https://t.co/6jpNhxs8JK
Sales of newly built, single-family homes in October dipped a fraction of a percent from September to October, but remained more than 40 percent above the same period in 2019, according to new data from the U.S. Department of Housing and the U.S. Census
https://t.co/Ef1I4jgpDa
Lumber prices typically hit a lull in December, but not this year as lean inventories and strong building demand force buyers to pay up https://t.co/A0l2BNsV3Y
According to data from the Census Bureau’s Survey of Construction, the custom home share increased to 20.2% of all single-family homes started in 2019, the National Association of Home Builders reports.
https://t.co/mcOAe5nt7A