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Construction Spending Grew in October

U.S. construction spending in October was estimated at a seasonally adjusted annual rate of $1.6 trillion, increasing 0.2% from September and 8.6% higher than the year prior.  Private construction spending was down 0.2% from September to a seasonally adjusted annual rate of $1.25 trillion.  Residential levels for October fell 0.5% from the previous month to

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October Home Sales Rise Slightly

U.S. sales of new single-family homes in October were at a seasonally adjusted annual rate of 745,000, up 0.4% from September but down 23.1% from the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of October was 389,000, representing a 6.3-month supply at the current sales rate.

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U.S. Home Size Continues to Increase

The third quarter U.S. Census Quarterly Starts and Completions by Purpose and Design report showed that the median single family home square footage increased 2.8% from the same period in 2020 to 2,337 feet.  After four years of declines, this is the second consecutive quarter of rising growth.  The rise is attributed to the increased

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Furniture Orders Strong through September

U.S. residential furniture factory orders in September dropped 20% from the comparable month in 2020 but were 15% higher than the same month in 2019. Year-to-date orders rose 21% over the first nine months of 2020 and grew 32% from 2019. Furniture shipments grew 4% over September 2020 and year-to-date totals increased 30% from the

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U.S. Architectural Billings Fall in October

The October Architecture Billings Index (ABI) decreased 2.3 points from September to 54.3 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score below 50 indicates a decline in billings. Design contracts increased 3.3 points from September to 58.0. October billings were in positive territory across all geographic regions except

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Canadian Building Permits Increase in October

Canadian building permits in October grew 1.3% from September to $10.3 billion (CAD) and increased 17.9% from the year-ago period.  Residential authorizations decreased 0.1% from September to $6.85 billion but were 11.3% higher than October 2020.  Single-family totals reached $3.36 billion, rising 10.8% from September and up 21.3% from the prior year.  Multi-family levels were

Read More »

Construction Spending Grew in October

U.S. construction spending in October was estimated at a seasonally adjusted annual rate of $1.6 trillion, increasing 0.2% from September and 8.6% higher than the year prior.  Private construction spending was down 0.2% from September to a seasonally adjusted annual rate of $1.25 trillion.  Residential levels for October fell 0.5% from the previous month to

Read More »

October Home Sales Rise Slightly

U.S. sales of new single-family homes in October were at a seasonally adjusted annual rate of 745,000, up 0.4% from September but down 23.1% from the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of October was 389,000, representing a 6.3-month supply at the current sales rate.

Read More »

U.S. Home Size Continues to Increase

The third quarter U.S. Census Quarterly Starts and Completions by Purpose and Design report showed that the median single family home square footage increased 2.8% from the same period in 2020 to 2,337 feet.  After four years of declines, this is the second consecutive quarter of rising growth.  The rise is attributed to the increased

Read More »

Furniture Orders Strong through September

U.S. residential furniture factory orders in September dropped 20% from the comparable month in 2020 but were 15% higher than the same month in 2019. Year-to-date orders rose 21% over the first nine months of 2020 and grew 32% from 2019. Furniture shipments grew 4% over September 2020 and year-to-date totals increased 30% from the

Read More »

U.S. Architectural Billings Fall in October

The October Architecture Billings Index (ABI) decreased 2.3 points from September to 54.3 according to The American Institute of Architects (AIA) Economics & Market Research Group. A score below 50 indicates a decline in billings. Design contracts increased 3.3 points from September to 58.0. October billings were in positive territory across all geographic regions except

Read More »

Canadian Building Permits Increase in October

Canadian building permits in October grew 1.3% from September to $10.3 billion (CAD) and increased 17.9% from the year-ago period.  Residential authorizations decreased 0.1% from September to $6.85 billion but were 11.3% higher than October 2020.  Single-family totals reached $3.36 billion, rising 10.8% from September and up 21.3% from the prior year.  Multi-family levels were

Read More »
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