On a year-over-year basis, private residential construction spending has been increasing since early 2001. The rate of increase began to decelerate in 2004 and the data series was jolted by the hurricanes of late 2005. With record spending rates posted over the last year, it seems likely that the plot will continue to lose ground and eventually begin to reflect contractions.Friday, September 08, 2006
A Look at Residential Construction Spending
On a year-over-year basis, private residential construction spending has been increasing since early 2001. The rate of increase began to decelerate in 2004 and the data series was jolted by the hurricanes of late 2005. With record spending rates posted over the last year, it seems likely that the plot will continue to lose ground and eventually begin to reflect contractions.
