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Residential Construction Increases in April
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Residential Construction Increases in April
The Easy Way to Shop For a Mortgage Loan
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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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Residential Construction Increases in April
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June 2, 2011 (Shirley Allen)

Private residential construction spending increased 3.1 percent to a seasonally adjusted annual rate of $232.1 billion in April 2011 compared to March according to the U.S. Census Bureau, however, overall private residential construction spending was down 12.1 percent from April 2010.

Private construction spending on new single-family homes also increased 3.1 percent from March to April at a seasonally adjusted rate of $104.6 billion. Construction spending in March was $225.0 billion. Year-over-year construction spending was down 12.8 percent with construction spending on single-family homes in April 2010 at a seasonally adjusted annual rate of $120.1 billion.

Multi-family private construction spending decreased slightly in April, by 0.1 percent, to a seasonally adjusted annual rate of $12.8 billion. Multi-family spending was down 7.6 percent compared to April 2010 which saw spending at a seasonally adjusted annual rate of $13.9 billion.

The remainder of the private residential construction spending in April, $114.6 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 an increase from $105.5 billion in March and a decrease from $130.4 billion in April 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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June 2, 2011 (Shirley Allen)

Private residential construction spending increased 3.1 percent to a seasonally adjusted annual rate of $232.1 billion in April 2011 compared to March according to the U.S. Census Bureau, however, overall private residential construction spending was down 12.1 percent from April 2010.

Private construction spending on new single-family homes also increased 3.1 percent from March to April at a seasonally adjusted rate of $104.6 billion. Construction spending in March was $225.0 billion. Year-over-year construction spending was down 12.8 percent with construction spending on single-family homes in April 2010 at a seasonally adjusted annual rate of $120.1 billion.

Multi-family private construction spending decreased slightly in April, by 0.1 percent, to a seasonally adjusted annual rate of $12.8 billion. Multi-family spending was down 7.6 percent compared to April 2010 which saw spending at a seasonally adjusted annual rate of $13.9 billion.

The remainder of the private residential construction spending in April, $114.6 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 an increase from $105.5 billion in March and a decrease from $130.4 billion in April 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.

June 2, 2011 (Shirley Allen)

Private residential construction spending increased 3.1 percent to a seasonally adjusted annual rate of $232.1 billion in April 2011 compared to March according to the U.S. Census Bureau, however, overall private residential construction spending was down 12.1 percent from April 2010.

Private construction spending on new single-family homes also increased 3.1 percent from March to April at a seasonally adjusted rate of $104.6 billion. Construction spending in March was $225.0 billion. Year-over-year construction spending was down 12.8 percent with construction spending on single-family homes in April 2010 at a seasonally adjusted annual rate of $120.1 billion.

Multi-family private construction spending decreased slightly in April, by 0.1 percent, to a seasonally adjusted annual rate of $12.8 billion. Multi-family spending was down 7.6 percent compared to April 2010 which saw spending at a seasonally adjusted annual rate of $13.9 billion.

The remainder of the private residential construction spending in April, $114.6 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 an increase from $105.5 billion in March and a decrease from $130.4 billion in April 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.