In case you are interested, here’s a brief homebuilding update for June 2021 for the Nation:
This June 2021, homebuilding had gains in spending. Construction spending rose to an annual rate of $1.552 trillion in June, which was 0.1 percent above May’s revised rate of $1.551 trillion, according to last week’s report from the Census Bureau. Compared to the same period a year ago, June’s construction spending was 8.2 percent higher than June 2020’s pace of $1.435 trillion.
Spending on private construction rose 0.4 percent over May to hit an annual rate of $1,215.2 billion in June. Private construction comprised the lion’s share of construction spending for June. Of that, spending on housing construction in June grew to an annual rate of $763.4 billion, which was 1.1 percent higher than May’s revised pace of $755.4 billion.
Outlays on the construction of new, single-family homes in June expanded to an annual rate of $411.7 billion, which was 1.8 percent higher than May’s revised rate of $404.5 billion. Spending on the construction of new multi-family housing ticked down to an annual rate of $99.09 billion in June, which was 0.1 percent below May’s revised rate of $99.22 billion.
I hope you enjoyed this homebuilding update and please let me know if there are any other interesting facts and figures you might enjoy!
And if you are looking to buy a newly built home, please call Mindy Short at GoalLine Real Estate at 214-674-8004.
Beth Brake and Mindy Short
Positively impacting your life as you move toward your dreams.