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.