HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
W S

Residential construction spending down for February

Overall construction spending ticks up on public housing

Sunset

Construction spending rose a mere 0.1% month-over-month in February to $945.7 million, with private residential construction spending down 0.8% and residential construction down 0.7%, according to the U.S. Census Bureau.

The reading, along with the downward revision for January to 0.2% decline, was the lowest since August 2013. It was 13% above the February 2013 level.

The only real strength in construction spending was in public residential construction spending, which was up 5.1%. This includes spending on public housing and public funding programs for building affordable housing.

This reflects recent report on homebuilder confidence being extremely weak, reading at 47 on the National Association of Homebuilders confidence index.

New home sales were down in February, reflecting an increasingly softer housing market.

Recent Articles by Trey Garrison

Comments powered by Disqus