Construction spending edges up in September

Private residential construction rose 0.2 percent in September, up 0.1 percent from September 2010, according the National Association of Home Builders (NAHB)’s blog.

The new single-family home category posted its fourth consecutive month-to-month gain during September, rising 0.5 percent.

The multifamily construction market continues to show signs of improvement, with spending up 0.2 percent in September. Indeed, multifamily construction spending has increased in 6 of the last 8 months and more gains are expected due to an upward trend in multifamily permits.

Home improvement spending jumped 1.4 percent in September.