At a seasonally adjusted rate of $341.506 billion, single-family construction spending was up 2.7% from the previous month and 18.1 % higher than the prior November. New multifamily construction was flat compared to the last month at $90.024 billion but rose 15.8% year-over-year.
Bookmark this page for mortgage rates:
30-year (FRM) rates at 2.77% (0.00%)
15-year (FRM) rates at 2.32% (0.00%)
FHA 30-year Fixed rates at 2.25% (0.00%)
Jumbo 30-year Fixed rates at 3.12% (0.00%)
5/1 ARM rates at 2.31% (-0.01%)
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