Residential Construction Spending Is Rising, Hooray (For Now).

Recently new data was released by the NAHB that points towards the continuation of the increase in residential home building. Constructing spending rose in August, which is reflected in the consistent upward trend in spending since the post-recession trough.

In all, single-family housing spending has risen 14% in the last year, while multi-family housing spending is up over 25% in the last year. Unfortunately the rate of change of multifamily spending is declining, so multifamily housing construction is beginning to cool off. However, single-family spending is accelerating, and may be able rise enough to cover some of the gap in spending between the two.

If you're interested in follow market trends in building, I highly recommend checking up on the NAHB's Eye on Housing page.