Construction Spending Has Continued Upward

When the economy was down the nation was building fewer homes. Now that the economy has picked up again we’re seeing a continued upward trend in terms of the number of residential properties being built, and how much contractors and homeowners are spending to build homes. In 2014, this trend is expected to climb higher than it did in 2013, which promises positive growth in many communities and for many people looking to buy or build homes.

  • Kansas City lumber

    Source: Flickr

    Residential construction was up 14% for the month of December in 2014 when compared with 2013 numbers. That’s a large increase in just a single year.

  • Single family spending was up a surprising 2.3% for the month of December 2014. Single family housing numbers are usually a good indicator of general economic prosperity or an upswing in the building market.
  • Multifamily housing numbers went up about 1% for the month of December 2014.
  • Home improvement spending actually went down about 0.4% in the month of December 2014, which could show that many homeowners are looking to upgrade their living situation to a larger house instead of remodeling their own.

Contact us at Schutte Lumber Co. for all of your Kansas City lumber needs.

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us
  • This field is for validation purposes and should be left unchanged.
What's New
Raised Garden Beds
March 26, 2018

For those eager to get started in plotting and planning their garden this year,

Read More »

More Alder Now Available at Schutte Lumber
February 12, 2018

New alder products available February 2018

Read More »

Fortress Iron Railing now available at Schutte Lumber Company
March 17, 2017

Schutte Lumber Company is proud to announce the addition of a new product line

Read More »

Copyright 2014 | all rights reserved
%d bloggers like this: