Construction spending ticks up, led by housing : Industry News and Updates
HOME BUILDERS ASSOCIATION
of NORTH GEORGIA
(770) 536-8282
NAHB Logo and link to NAHB.org website.
Upcoming Events

June 4 - Membership Meeting

​June 11 - Bluecard Class

July 30  -  DCA Codes Update

Aug 6    - Membership Meeting

Sept 3 -  Membership Meeting
In order to help keep licensed builders in compliance and up to date on important licensing information, we are now providing free e-mail updates to anyone interested in recieving them.  To recieve updates, click the "JOIN MAILING LIST" link.
Image of a new home under construction

Image of the HBA of North Georgia Logo
Image of the HBA of North Georgia Logo
Stay Informed
Image of the Home Builder Association of Georgia Logo

Construction spending ticks up, led by housing

by HBA of North Georgia on 02/09/19

What happened: Economists surveyed by Econoday had forecast a 0.2% increase, but October figures were revised down. Outlays in November were 3.4% higher than a year ago, and for the first 11 months of 2018, were 4.5% higher than the same period in the prior year.

Big picture: Residential construction spending was up 3.4% during the month, and was 0.6% higher for the year. That’s good news for the supply-starved housing sector. In November, overall private-sector spending was 1.3% higher for the month, edging out a 0.9% decline in public-sector spending. 

Comments (0)


Leave a comment


NAHB Member advantage program Banner Ad