Total construction spending rose 0.6 percent in September to
an $851.6 billion annual pace and is up 7.8 percent on a yearago
basis. Residential outlays continue to be a bright spot, with
single-family now up 25.7, year over year. Single family outlays
increased for the sixth consecutive month and mirror modest
housing market improvement and improving builder
sentiment. Multifamily and home improvement also increased.
In 1989, Delta Gypsum started in Graham, North Carolina as a distributor of wallboard and related building products. Its current headquarters is in Wake Forest, North Carolina. Founded by Phil Ritchie, the legacy of this mid-Atlantic based premium distributor continues on its family roots and traditions with David Ritchie and John Kindt. The new leadership ushers in the next generation of family to keep growing and serving the many loyal customers and friends we have had for years.
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