Construction Spending is Up 17%

construction spending

A recent report released by The National Association of Home Builders shows residential construction spending increasing 17.2% over the last 12 months.  Here are some additional highlights from the report.  

  • Just in 2013, remodeling related spending has increased 6.5%, single-family spending has increased by 11.6% and multifamily spending has increased 16.0%.  
  • Since 2009, total private residential construction spending is up 46.4%, single-family 84.5%, multifamily 143.8%, and improvement-related spending 29%.
  • In July, single-family spending increased 0.5% for the month, remodeling related spending increased 0.8%, and multifamily remained nearly unchanged with an increase of 0.1% for the month.  The slow-down may be related to the effects of an increase in mortgage interest rates that has slowed both new and pending home sales.  

Epic Development is currently building new homes in Brookhaven, Buckhead, Decatur, East Atlanta, Edgewood, Kirkwood, LaVista Park, Oakhurst, Old Fourth Ward, Ormewood Park and Virginia Highland.   View all the details of our current listings here.  For more information about new construction  in Atlanta call Scott Eaves at 404-518-3820 or write scott@EpicDevelopment.com.  For more information about commercial real estate operations or investment visit EpiCity.com.

2017-08-29T17:44:26+00:00 September 10th, 2013|Economic News|