Private residential construction spending—driven by growth in single-family and home improvement spending—was up 0.8% in April and 1.7% year-over-year, according to the National Association of Home Builders’ analysis of data from the U.S. Census.
While single-family construction did boost overall private residential spending, posting a 1.4% gain in April, it was down 2.9% year-over-year. Remodeling made for a bright spot both in monthly gains (0.4%) and yearly (7.5%).
Private residential construction spending has slowed since 2024 due to the effects of elevated interest rates and uncertainty around building material tariffs, NAHB said. In contrast, home improvement spending has been climbing since the beginning of 2025, in part due to aging houses and continuous demand for renovation.
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