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Home Improvement Spending Higher than Residential Construction in July
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Home Improvement Spending Higher than Residential Construction in July
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Home Improvement Spending Higher than Residential Construction in July
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September 2, 2011 (Shirley Allen)

Private residential construction spending declined 1.4 percent to a seasonally adjusted annual rate of $248.1 billion in July from a revised estimate of $251.7 billion in June according to the U.S. Census Bureau as the total amount spent on home improvements exceeded the amount builder’s spent on new private residential construction.

Monthly spending by builders for all private construction types was 0.8 percent lower than the revised estimate of $519.0 billion in June to a seasonally adjusted annual rate of $514.5 billion in July.

Private residential construction in July was 4.1 percent higher than in July of 2010 when builders spent a seasonally adjusted $245.8 billion and total private construction spending was 5.5 percent higher than last July’s seasonally adjusted rate of $487.6 billion.

Private construction spending on new single-family homes was virtually unchanged from June to July with builders spending a seasonally adjusted $105.1 billion in July. June’s estimate was downwardly revised from $105.3 billion to $105.0 billion. Single-family home construction spending was down 8.4 percent compared to July of 2010, when builders spent a seasonally adjusted $114.8 billion.

Multi-family private construction spending increased 1.4 percent from June to July, to a seasonally adjusted annual rate of $14.0 billion. June’s estimate was upwardly revised from $13.6 billion to $13.8 billion. Multi-family construction spending was down 6.0 percent compared to July 2010 which saw spending at a seasonally adjusted annual rate of $14.9 billion.

The remainder of the private residential construction spending in July, $129.0 billion, was money spent for any type of construction to an existing structure ranging from remodeling to additions to swimming pools to replacement of major systems such as HVAC systems. This was a decrease from an upwardly revised $132.9 billion in June and an increase from $105.8 billion spent in July of 2010.

Tags: Census Bureau, residential construction spending, single-family homes, multi-family dwellings, seasonally adjusted annual rate, remodeling, additions

Source:
Census Bureau

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September 2, 2011 (Shirley Allen)

Private residential construction spending declined 1.4 percent to a seasonally adjusted annual rate of $248.1 billion in July from a revised estimate of $251.7 billion in June according to the U.S. Census Bureau as the total amount spent on home improvements exceeded the amount builder’s spent on new private residential construction.

Monthly spending by builders for all private construction types was 0.8 percent lower than the revised estimate of $519.0 billion in June to a seasonally adjusted annual rate of $514.5 billion in July.

Private residential construction in July was 4.1 percent higher than in July of 2010 when builders spent a seasonally adjusted $245.8 billion and total private construction spending was 5.5 percent higher than last July’s seasonally adjusted rate of $487.6 billion.

Private construction spending on new single-family homes was virtually unchanged from June to July with builders spending a seasonally adjusted $105.1 billion in July. June’s estimate was downwardly revised from $105.3 billion to $105.0 billion. Single-family home construction spending was down 8.4 percent compared to July of 2010, when builders spent a seasonally adjusted $114.8 billion.

Multi-family private construction spending increased 1.4 percent from June to July, to a seasonally adjusted annual rate of $14.0 billion. June’s estimate was upwardly revised from $13.6 billion to $13.8 billion. Multi-family construction spending was down 6.0 percent compared to July 2010 which saw spending at a seasonally adjusted annual rate of $14.9 billion.

The remainder of the private residential construction spending in July, $129.0 billion, was money spent for any type of construction to an existing structure ranging from remodeling to additions to swimming pools to replacement of major systems such as HVAC systems. This was a decrease from an upwardly revised $132.9 billion in June and an increase from $105.8 billion spent in July of 2010.

Tags: Census Bureau, residential construction spending, single-family homes, multi-family dwellings, seasonally adjusted annual rate, remodeling, additions

Source:
Census Bureau

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

September 2, 2011 (Shirley Allen)

Private residential construction spending declined 1.4 percent to a seasonally adjusted annual rate of $248.1 billion in July from a revised estimate of $251.7 billion in June according to the U.S. Census Bureau as the total amount spent on home improvements exceeded the amount builder’s spent on new private residential construction.

Monthly spending by builders for all private construction types was 0.8 percent lower than the revised estimate of $519.0 billion in June to a seasonally adjusted annual rate of $514.5 billion in July.

Private residential construction in July was 4.1 percent higher than in July of 2010 when builders spent a seasonally adjusted $245.8 billion and total private construction spending was 5.5 percent higher than last July’s seasonally adjusted rate of $487.6 billion.

Private construction spending on new single-family homes was virtually unchanged from June to July with builders spending a seasonally adjusted $105.1 billion in July. June’s estimate was downwardly revised from $105.3 billion to $105.0 billion. Single-family home construction spending was down 8.4 percent compared to July of 2010, when builders spent a seasonally adjusted $114.8 billion.

Multi-family private construction spending increased 1.4 percent from June to July, to a seasonally adjusted annual rate of $14.0 billion. June’s estimate was upwardly revised from $13.6 billion to $13.8 billion. Multi-family construction spending was down 6.0 percent compared to July 2010 which saw spending at a seasonally adjusted annual rate of $14.9 billion.

The remainder of the private residential construction spending in July, $129.0 billion, was money spent for any type of construction to an existing structure ranging from remodeling to additions to swimming pools to replacement of major systems such as HVAC systems. This was a decrease from an upwardly revised $132.9 billion in June and an increase from $105.8 billion spent in July of 2010.

Tags: Census Bureau, residential construction spending, single-family homes, multi-family dwellings, seasonally adjusted annual rate, remodeling, additions

Source:
Census Bureau

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.