This year has been volatile for the U.S. residential construction industry, with first quarter indicators pointing to a strong year-over-year growth. Going into 2020 and through the first quarter of the year, the residential construction industry was expanding. Most key housing indicators were up year-over-year, including housing starts and permits, existing home sales, and home values. Home repair and remodeling (R&R) expenditures were also up for the same period a year ago. The fundamentals of the industry helped sustain the construction market through the remainder of 2020, despite the economic shutdown resulting from COVID-19.
Principia’s latest Business Conditions October 2020 provides a look at current 2020 macroeconomic indicators compared to previous years, and an outlook for residential construction in 2021.
Business Conditions October 2020 includes:
- Review of residential construction in 2020
- Residential put-in-place spending
- New residential housing permit trends
- Outlook for residential construction in 2021
To download Principia’s Business Conditions October 2020, click here.
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