U.S. Residential Construction Spending Rises 0.8% in April as Remodeling Jumps 7.5%
Updated
Updated · Eye on Housing · Jun 1
U.S. Residential Construction Spending Rises 0.8% in April as Remodeling Jumps 7.5%
5 articles · Updated · Eye on Housing · Jun 1
Private residential construction spending rose 0.8% in April after a 0.6% March gain, leaving total outlays 1.7% above a year earlier.
Single-family spending climbed 1.4% and home-improvement spending added 0.4%, the two categories that drove the monthly increase.
Remodeling remained the strongest segment on an annual basis, up 7.5% from April 2025, while single-family spending was still down 2.9% year over year.
Multifamily spending slipped 0.3%—its first monthly decline after two modest gains—though it remained 1.1% higher than a year earlier.
The data point to a housing market where renovation demand and aging homes support spending, even as high interest rates and tariff uncertainty restrain new construction.
As new home building slows, is the national renovation boom a sign that homeowners are permanently stuck?
With construction costs soaring from tariffs and global conflict, is the U.S. housing shortage becoming unsolvable?