Residential Construction Notches a Slight Gain in August
Residential Construction Notches a Slight Gain in August
Residential Construction Notches a Slight Gain in August
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October 4, 2011 (Shirley Allen)

Private residential construction spending increased 0.7 percent to a seasonally adjusted annual rate of $237.8 billion in August from a revised estimate of $236.2 billion in July according to the U.S. Census Bureau.

Monthly spending by builders for all types of private construction increased 0.4 percent to a seasonally adjusted annual rate of $511.0 billion, up from the revised estimate of $508.9 billion in July.

July’s estimate for private residential construction spending was revised downward almost $12 billion from $248.1 billion and the estimate for all types of private construction was revised downward from 519.0 billion.

Private residential construction in August was 3.9 percent higher than in August of 2010 when builders spent a seasonally adjusted $228.9 billion and the total spent for all private construction was 5.6 percent higher than the $484.1 billion spent in August of last year.

Private construction spending on new single-family homes increased 0.8 percent from July to August with builders spending a seasonally adjusted $106.4 billion in August. July’s estimate was upwardly revised from $105.1 billion to $105.5 billion. Single-family home construction spending was down 3.5 percent compared to August of 2010, when builders spent a seasonally adjusted $110.2 billion on construction.

Multi-family private construction spending also increased 0.8 percent from July to August, to a seasonally adjusted annual rate of $14.9 billion. July’s estimate was also upwardly revised from $14.0 billion to $14.8 billion. Multi-family construction spending was 13.3 percent higher than in August 2010, when builders spent a seasonally adjusted $13.1 billion.

The remainder of the private residential construction spending in August, $116.6 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 an upwardly revised $116.0 billion in July and an increase from the $105.5 billion spent in August 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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October 4, 2011 (Shirley Allen)

Private residential construction spending increased 0.7 percent to a seasonally adjusted annual rate of $237.8 billion in August from a revised estimate of $236.2 billion in July according to the U.S. Census Bureau.

Monthly spending by builders for all types of private construction increased 0.4 percent to a seasonally adjusted annual rate of $511.0 billion, up from the revised estimate of $508.9 billion in July.

July’s estimate for private residential construction spending was revised downward almost $12 billion from $248.1 billion and the estimate for all types of private construction was revised downward from 519.0 billion.

Private residential construction in August was 3.9 percent higher than in August of 2010 when builders spent a seasonally adjusted $228.9 billion and the total spent for all private construction was 5.6 percent higher than the $484.1 billion spent in August of last year.

Private construction spending on new single-family homes increased 0.8 percent from July to August with builders spending a seasonally adjusted $106.4 billion in August. July’s estimate was upwardly revised from $105.1 billion to $105.5 billion. Single-family home construction spending was down 3.5 percent compared to August of 2010, when builders spent a seasonally adjusted $110.2 billion on construction.

Multi-family private construction spending also increased 0.8 percent from July to August, to a seasonally adjusted annual rate of $14.9 billion. July’s estimate was also upwardly revised from $14.0 billion to $14.8 billion. Multi-family construction spending was 13.3 percent higher than in August 2010, when builders spent a seasonally adjusted $13.1 billion.

The remainder of the private residential construction spending in August, $116.6 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 an upwardly revised $116.0 billion in July and an increase from the $105.5 billion spent in August 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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October 4, 2011 (Shirley Allen)

Private residential construction spending increased 0.7 percent to a seasonally adjusted annual rate of $237.8 billion in August from a revised estimate of $236.2 billion in July according to the U.S. Census Bureau.

Monthly spending by builders for all types of private construction increased 0.4 percent to a seasonally adjusted annual rate of $511.0 billion, up from the revised estimate of $508.9 billion in July.

July’s estimate for private residential construction spending was revised downward almost $12 billion from $248.1 billion and the estimate for all types of private construction was revised downward from 519.0 billion.

Private residential construction in August was 3.9 percent higher than in August of 2010 when builders spent a seasonally adjusted $228.9 billion and the total spent for all private construction was 5.6 percent higher than the $484.1 billion spent in August of last year.

Private construction spending on new single-family homes increased 0.8 percent from July to August with builders spending a seasonally adjusted $106.4 billion in August. July’s estimate was upwardly revised from $105.1 billion to $105.5 billion. Single-family home construction spending was down 3.5 percent compared to August of 2010, when builders spent a seasonally adjusted $110.2 billion on construction.

Multi-family private construction spending also increased 0.8 percent from July to August, to a seasonally adjusted annual rate of $14.9 billion. July’s estimate was also upwardly revised from $14.0 billion to $14.8 billion. Multi-family construction spending was 13.3 percent higher than in August 2010, when builders spent a seasonally adjusted $13.1 billion.

The remainder of the private residential construction spending in August, $116.6 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 an upwardly revised $116.0 billion in July and an increase from the $105.5 billion spent in August 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.