Double Digit Increase in Residential Constrution Spending in 2013
The National Association of Homebuilders recently reported that residential construction increased in 2013. Overall, there was an 18.3% increase in residential construction spending over 2012. Specifically, construction of single-family homes was up 20%, and remodeling was up 14%. Multi-family saw the greatest increase, at nearly 35%.
Increased construction shows the economy is looking up! Let’s hope it stays that way.