National Association of Home Builders

Is New Home Construction About to Boom?

3 weeks ago3 weeks ago Pierre G. Villere

I travel the country in connection with our clients’ business, but also to make presentations to state and national associations within the construction materials industry, including ready mixed concrete, aggregates, and precast groups. Over the course of the last 18 months, in reviewing the financial performance of each of these industries, I have noted that the new home construction industry…

Construction Spending Up 10.2% in 2022

3 years ago Cement Optimized News

According to the U.S. Census Bureau, construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% (± 0.8%) below the revised November estimate. The December figure is 7.7% (±1.2%) above the December 2021 estimate. The value of construction in 2022 was $1,792.9 billion, 10.2% (±0.8%) above the $1,626.4 billion spent in 2021. In…