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Construction Spending on Single-Family Homes up 40% Since Recession Low

September 4, 2012

Construction Spending on Single-Family Homes up 40% Since Recession Low

“According to the Census Bureau, the overall trend in residential construction spending has been positive, with July’s total standing as the second highest monthly tally since the beginning of 2009.

Construction spending on new single-family homes was up 1.5% percent on a month-to-month basis and is up 19% from this time last year. Moreover, since bottoming out during the second quarter of 2009, the nominal dollar value of spending on new single-family homes has increased 40%. While the recovery in home building varies from location to location, the overall positive trend is expected to continue into 2013.”

To read the full article visit:  http://eyeonhousing.wordpress.com/2012/09/04/construction-spending-on-single-family-homes-up-40/

Utah’s Luxury Home Builder, Cameo Homes Inc.

www.cameohomesinc.com

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