
$854.6 billion.
That's the seasonally adjusted annual rate for private residential construction spending in March 2026, per the Census Bureau's C30 release.
The headline decelerated month-over-month as single-family eased and multifamily continued its slow grind below the 2023 peak. Improvements stayed roughly flat.
Bill McBride at Calculated Risk has flagged residential construction employment as the cleaner read on builder activity, since dollar figures absorb tariff-driven materials-cost inflation that doesn't translate into actual unit deliveries.
For investors holding existing inventory, less new construction means less competition on resale and lease-up over the next 12-18 months.
Full report:
reiprime.com/news/2026-05-0…
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