Residential Construction Declines in May
Residential Construction Declines in May
Residential Construction Declines in May
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July 5, 2011 (Shirley Allen)

Private residential construction spending declined 2.1 percent to a seasonally adjusted annual rate of $228.9 billion in May 2011 compared to a revised estimate of $233.8 billion in April 2011, according to the U.S. Census Bureau. Overall private construction spending was down 0.4 percent, from a seasonally adjusted $479.3 billion in April 2011 to $477.2 billion in May 2011.

Private construction spending on new single-family homes declined 0.3 percent from April 2011 to May 2011 to a seasonally adjusted rate of $105.2 billion. April’s estimate was upwardly revised from $104.6 billion to $105.5 billion. Single-family home construction spending was down 11.9 percent compared to May of 2010, which recorded construction spending at a seasonally adjusted rate of $119.3 billion

Multi-family private construction spending declined 2.1 percent in May 2011 from April 2011, to a seasonally adjusted annual rate of $13.2 billion. April’s estimate was also upwardly revised from $12.8 billion to $13.5 billion. Multi-family spending was down 6.8 percent compared to May 2010 which saw spending at a seasonally adjusted annual rate of $14.2 billion.

The remainder of the private residential construction spending in May, $110.5 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 $114.6 billion in April and a decrease from $111.7 billion in May 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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July 5, 2011 (Shirley Allen)

Private residential construction spending declined 2.1 percent to a seasonally adjusted annual rate of $228.9 billion in May 2011 compared to a revised estimate of $233.8 billion in April 2011, according to the U.S. Census Bureau. Overall private construction spending was down 0.4 percent, from a seasonally adjusted $479.3 billion in April 2011 to $477.2 billion in May 2011.

Private construction spending on new single-family homes declined 0.3 percent from April 2011 to May 2011 to a seasonally adjusted rate of $105.2 billion. April’s estimate was upwardly revised from $104.6 billion to $105.5 billion. Single-family home construction spending was down 11.9 percent compared to May of 2010, which recorded construction spending at a seasonally adjusted rate of $119.3 billion

Multi-family private construction spending declined 2.1 percent in May 2011 from April 2011, to a seasonally adjusted annual rate of $13.2 billion. April’s estimate was also upwardly revised from $12.8 billion to $13.5 billion. Multi-family spending was down 6.8 percent compared to May 2010 which saw spending at a seasonally adjusted annual rate of $14.2 billion.

The remainder of the private residential construction spending in May, $110.5 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 $114.6 billion in April and a decrease from $111.7 billion in May 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.
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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.
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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.
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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.
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July 5, 2011 (Shirley Allen)

Private residential construction spending declined 2.1 percent to a seasonally adjusted annual rate of $228.9 billion in May 2011 compared to a revised estimate of $233.8 billion in April 2011, according to the U.S. Census Bureau. Overall private construction spending was down 0.4 percent, from a seasonally adjusted $479.3 billion in April 2011 to $477.2 billion in May 2011.

Private construction spending on new single-family homes declined 0.3 percent from April 2011 to May 2011 to a seasonally adjusted rate of $105.2 billion. April’s estimate was upwardly revised from $104.6 billion to $105.5 billion. Single-family home construction spending was down 11.9 percent compared to May of 2010, which recorded construction spending at a seasonally adjusted rate of $119.3 billion

Multi-family private construction spending declined 2.1 percent in May 2011 from April 2011, to a seasonally adjusted annual rate of $13.2 billion. April’s estimate was also upwardly revised from $12.8 billion to $13.5 billion. Multi-family spending was down 6.8 percent compared to May 2010 which saw spending at a seasonally adjusted annual rate of $14.2 billion.

The remainder of the private residential construction spending in May, $110.5 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 $114.6 billion in April and a decrease from $111.7 billion in May of 2010.

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

Source:
Census Bureau

HOW LOANRATENETWORK
LOAN CENTER 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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
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.