You're Now Reading:
Residential Construction Spending Unchanged in February
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Residential Construction Spending Unchanged in February
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
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Residential Construction Spending Unchanged in February
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

April 3, 2012 (Shirley Allen)

Private residential construction spending remained virtually unchanged from January as spending for single-family residences dipped in February while spending on multi-family construction increased according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $246.5 billion in February, up slightly from a revised estimate of $246.4 billion in January.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $527.3 billion, down from the revised estimate of $531.6 billion in January.

The estimate for private residential construction spending in January was revised downward almost $7.2 billion, turning January’s reported 1.8 percent increase into a 1.1 percent decline, while the estimate for all private construction, which had been reported as unchanged from the previous month, was also revised downward by $7.0 billion, leading to a 1.3 percent decline in January.

Builders spent 5.6 percent more on private residential construction in February than they did a year ago when $233.4 billion was spent, while the total amount builders spent for all private construction was 10.2 percent higher than the $478.7 billion spent in February of last year.

Construction spending for new private single-family homes fell 1.5 percent from January to February with builders spending a seasonally adjusted $111.5 billion in February. The estimate for January was revised upward from $111.2 billion to $113.2 billion.

Single-family home construction spending was 4.2 percent higher than in February of 2011, when builders spent $107.0 billion on building new single-family homes.

Multi-family private construction spending was 2.0 percent higher than in January, climbing to a seasonally adjusted annual rate of $17.2 billion. The estimate for January was revised upward from $16.1 billion to $16.8 billion.

Multi-family construction spending was 25.7 percent higher than in February of last year, when builders spent a seasonally adjusted $13.7 billion on multi-family dwellings.

The remainder of the private residential construction spending in February, $117.7 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 a downwardly revised $116.3 billion in January and up from the $112.7 billion spent in February of 2011.

Tags: 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 MortgageLoanRateUpdate 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.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

April 3, 2012 (Shirley Allen)

Private residential construction spending remained virtually unchanged from January as spending for single-family residences dipped in February while spending on multi-family construction increased according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $246.5 billion in February, up slightly from a revised estimate of $246.4 billion in January.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $527.3 billion, down from the revised estimate of $531.6 billion in January.

The estimate for private residential construction spending in January was revised downward almost $7.2 billion, turning January’s reported 1.8 percent increase into a 1.1 percent decline, while the estimate for all private construction, which had been reported as unchanged from the previous month, was also revised downward by $7.0 billion, leading to a 1.3 percent decline in January.

Builders spent 5.6 percent more on private residential construction in February than they did a year ago when $233.4 billion was spent, while the total amount builders spent for all private construction was 10.2 percent higher than the $478.7 billion spent in February of last year.

Construction spending for new private single-family homes fell 1.5 percent from January to February with builders spending a seasonally adjusted $111.5 billion in February. The estimate for January was revised upward from $111.2 billion to $113.2 billion.

Single-family home construction spending was 4.2 percent higher than in February of 2011, when builders spent $107.0 billion on building new single-family homes.

Multi-family private construction spending was 2.0 percent higher than in January, climbing to a seasonally adjusted annual rate of $17.2 billion. The estimate for January was revised upward from $16.1 billion to $16.8 billion.

Multi-family construction spending was 25.7 percent higher than in February of last year, when builders spent a seasonally adjusted $13.7 billion on multi-family dwellings.

The remainder of the private residential construction spending in February, $117.7 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 a downwardly revised $116.3 billion in January and up from the $112.7 billion spent in February of 2011.

Tags: 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.

April 3, 2012 (Shirley Allen)

Private residential construction spending remained virtually unchanged from January as spending for single-family residences dipped in February while spending on multi-family construction increased according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $246.5 billion in February, up slightly from a revised estimate of $246.4 billion in January.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $527.3 billion, down from the revised estimate of $531.6 billion in January.

The estimate for private residential construction spending in January was revised downward almost $7.2 billion, turning January’s reported 1.8 percent increase into a 1.1 percent decline, while the estimate for all private construction, which had been reported as unchanged from the previous month, was also revised downward by $7.0 billion, leading to a 1.3 percent decline in January.

Builders spent 5.6 percent more on private residential construction in February than they did a year ago when $233.4 billion was spent, while the total amount builders spent for all private construction was 10.2 percent higher than the $478.7 billion spent in February of last year.

Construction spending for new private single-family homes fell 1.5 percent from January to February with builders spending a seasonally adjusted $111.5 billion in February. The estimate for January was revised upward from $111.2 billion to $113.2 billion.

Single-family home construction spending was 4.2 percent higher than in February of 2011, when builders spent $107.0 billion on building new single-family homes.

Multi-family private construction spending was 2.0 percent higher than in January, climbing to a seasonally adjusted annual rate of $17.2 billion. The estimate for January was revised upward from $16.1 billion to $16.8 billion.

Multi-family construction spending was 25.7 percent higher than in February of last year, when builders spent a seasonally adjusted $13.7 billion on multi-family dwellings.

The remainder of the private residential construction spending in February, $117.7 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 a downwardly revised $116.3 billion in January and up from the $112.7 billion spent in February of 2011.

Tags: 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.