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2020 – The Real Estate Team LA

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CONSTRUCTION SPENDING RISES IN JANUARY

CONSTRUCTION SPENDING RISES IN JANUARY

The single-family segment drives an increase in residential construction spending. Construction spending in January was estimated at a seasonally adjusted annual rate of $1,369.2 billion, 1.8% above the revised December estimate of $1,345.5 billion. The January figure is 6.8% above the January 2019 estimate of $1,282.5 billion. Spending on private construction was at a seasonally […]

Builder Confidence High to Kick Off New Year

Builder Confidence High to Kick Off New Year

Builder confidence dipped in January, but continues in a healthy range, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index. In January, the Index recorded a 75; at 51 or higher, builder confidence is overall positive. “Low-interest rates and a healthy labor market combined with a need for additional inventory […]