Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

Fannie, Freddie settlements eat into PNC earnings

Earnings barely move from 4Q13

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower
W S
The Ticker

December construction spending inches upward

/ Print / Reprints /
| Share More
/ Text Size+

Construction spending in the U.S. rose slightly to $885 billion in December, up 9% from the month before, the United States Census Bureau reported Friday.

The December construction spending numbers are still 7.8% higher than the previous December, when the spending total reached approximately $820.6 billion. 

Seasonally adjusted private residential spending increased slightly from November to December, rising 2.0% from $602.9 billion to $614.9 billion. The residential construction rate also hit $308.2 billion, 2.2% above the revised November estimate of $301.7 billion. 

"The increase in December was led by a 2.2% gain in residential outlays after a 0.6% increase in November. Most of the latest improvement was from multifamily construction although single-family outlays also advanced. Public construction declined in the latest month," noted Econoday.

To see the full chart of construction spending since 2008, click on the image below.

Recent Articles by HousingWire Staff

Comments powered by Disqus