Illinois Real Estate Law Blog

Monday, April 21, 2014

Double Digit Increase in Residential Constrution Spending in 2013

The National Association of Homebuilders recently reported that residential construction increased in 2013.  Overall, there was an 18.3% increase in residential construction spending over 2012.  Specifically, construction of single-family homes was up 20%, and remodeling was up 14%.  Multi-family saw the greatest increase, at nearly 35%.

Increased construction shows the economy is looking up!  Let's hope it stays that way.

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