Residential Construction Spending Increased by 2.2% in February

Residential Construction Spending Increased by 2.2% in February - Parr Lumber

Good news! Private residential construction spending increased by 2.2% in February (compared to January). It’s not a big gain, but according to Eye on Housing, residential construction activity is more than 20% above its year-ago level and about 36% higher than the cyclical low in mid-2011.