Private residential construction spending rises 1.7% in March 2026

8 articles · Updated · Eye on Housing · May 7

U.S. Census data showed gains across single-family, multifamily and remodeling, lifting total private residential spending 3.6% from a year earlier after two monthly declines.
Single-family spending rose 2.7% but remained 4.2% below March 2025, while multifamily edged up 0.3% and improvement spending increased 0.9%, up 14.3% annually.
The rebound came as elevated interest rates and tariff uncertainty continued to weigh on new construction, while aging housing stock supported renovations; private nonresidential spending fell 2.1% year on year.

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