December Residential Building Falls Month-over-month

Window & Door
January 29, 2019

Residential building during December 2018 totaled $300.6 billion, which was down by 8 percent compared to the previous month, according to Dodge Data & Analytics. Single-family housing fell 5 percent while multifamily housing dropped by 15 percent.

Analysts indicate the 5 percent fall is a settling back from the extended plateau throughout much of last year. The December pace for single-family housing was down 7 percent from the average dollar volume for the previous 11 months.

Single-family housing grew by 4 percent overall last year, a drop of five percentage points from 2017. By region, the West was up 8 percent, South Atlantic up 5 percent, South Central up 4 percent, Midwest up 1 percent and Northeast down 1 percent.