Private Residential Spending Up 1.7% in March After Two Months of Declines

NAHB’s Eye on Housing breaks down the March 2026 private residential construction spending data, which came in at plus 1.7 percent after two consecutive monthly declines. Gains were broad: single-family up, multifamily up, and home improvement spending positive as well. Year-over-year, total private residential spending is running 3.6 percent ahead of March 2025. The piece focuses on the spending figures and what’s driving the reversal.

Two months of declines followed by a broad-based rebound is not a trend. It’s a data point. The more useful signal for estimators is the composition: when single-family, multifamily, and improvement all move in the same direction in the same month, it suggests the pullback was timing-driven, not demand-driven. That matters for how you treat your sub pipeline right now. Residential-focused subs who went quiet during the slow months are likely fielding more invites again, which means your follow-up discipline during the bid cycle matters more, not less. A sub who is suddenly busy again won’t call you back out of loyalty. Comms Center’s follow-up tracking and bid status visibility exist exactly for this moment, when the market picks back up and radio silence becomes the default.

Read the full story at NAHB Eye on Housing.