Total private residential construction for Sept. rose to a seasonally adjusted annual rate of $395 billion. On a month-to-month basis, private single-family was $222 billion, up by 1.3 percent over the August, 2015 number, while private multifamily rose five percent to $57 billion.
The index tells MHProNews that steady gains in the multifamily sector have been driving the index, but the pace of that sector is slowing, and accelerated growth is anticipated for the single-family sector in the coming year. ##
(Graphic credit: National Association of Homebuilders)
