Page 25 - NTDA Market Outlook Q1 2024

Q1, 2024
25

U.S. Economic Snapshot

NEW RESIDENTIAL CONSTRUCTION
US Residential Construction Spending
US Residential Construction Spending is at a current
2500 level of $912.21 billion, up from $910.22 billion last
month and up from $865.78 billion one year ago.
This is a change of 0.22% from last month and 5.36%
2000 from one year ago.

1500

1000

500

0
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Series1 Series2 Series3

Source: U.S. Census Bureau

U.S. INFLATION RATE
US Inflation Rate
10.00% US12-Month Trimmed Mean PCE Inflation Rate is at
9.00% 3.16%, compared to 3.24% last month and 4.78%
8.00% last year. This is higher than the long-term average
of 3.02%.
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Jan Feb Mar Apr May Jun July Jul Aug Sept Oct Nov Dec
2024 2023 2022