Total construction spending fell 1.3 percent in July, which was well below expectations. Previous months’ data were revised upward, however. Residential spending fell 1.6 percent and nonresidential fell 1.1 percent.
It is hardly a secret that Arizona’s housing market suffered one of the worst collapses in the country, following nearly a decade of strong growth.
NAHB announced the launch of its Improving Markets Index (IMI), a new monthly economic index showing which housing markets are improving in three key economic indicators.
The result of the 2009 policy change was a significant increase in the use of these tax credits, which led to remodeling activity and job creation.
An economic outlook report released Thursday for members of the North American Building Material Distribution Association (NBMDA) points to positive trends.
The following organizations have been recognized as BCMC Build Friends, whose total in-kind and cash contributions total $1500 or more.