As reported by the Eye on Housing blog of the National Association of Homebuilders, spending on private residential construction in the USA increased in the last months of 2017, following a slight dip earlier in the year. Expenditures on residential construction have increased dramatically in recent years following the dramatic declines that began in 2006 for single-family housing and 2008 for multifamily housing. The drop in single-family housing expenditures from the peak in 2006 to the valley in 2009 was about 75%. The magnitude of the multi-family expenditure decline from 2008 to 2011, was similar. Multi-family expenditures now exceed the levels achieved in the run-up to the Great Recession. Single-family expenditures still lag behind the peak level of 2006.
Source: National Association of Homebuilders