Residential Construction Spending Up Again in June
Residential Construction Spending Up Again in June
Residential Construction Spending Up Again in June
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August 2, 2012 (Shirley Allen)

Spending on private residential construction increased for a third consecutive month in June with both single-family and multi-family construction posting similar gains from May according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $265.6 billion in June, up 1.3 percent from a revised estimate of $262.1 billion in May.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $567.9 billion, up 0.7 percent from the revised estimate of $564.2 billion in May.

Builders spent 12.1 percent more on private residential construction in June than they did a year ago when $236.9 billion was spent, while the total amount builders spent for all private construction was 13.1 percent higher than the $502.1 billion spent in June of last year.

Construction spending for new private single-family homes increased 3.0 percent from May to June with builders spending a seasonally adjusted $125.9 billion in June compared to $122.2 billion in May.

Single-family home construction spending was 18.6 percent higher than in June of 2011, when builders spent $106.1 billion on building new single-family homes.

Multi-family private construction spending was 3.4 percent higher than in May, climbing to a seasonally adjusted annual rate of $21.7 billion. In May, builders spent $21.0 billion on multi-family construction.

Multi-family construction spending was 48.8 percent higher than in June of last year, when builders spent a seasonally adjusted $14.6 billion on multi-family dwellings.

The remainder of the private residential construction spending in June, $118.0 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 down slightly from the $119.0 billion spent in May but up from the $116.2 billion spent in June of 2011.

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

Source:
Census Bureau

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August 2, 2012 (Shirley Allen)

Spending on private residential construction increased for a third consecutive month in June with both single-family and multi-family construction posting similar gains from May according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $265.6 billion in June, up 1.3 percent from a revised estimate of $262.1 billion in May.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $567.9 billion, up 0.7 percent from the revised estimate of $564.2 billion in May.

Builders spent 12.1 percent more on private residential construction in June than they did a year ago when $236.9 billion was spent, while the total amount builders spent for all private construction was 13.1 percent higher than the $502.1 billion spent in June of last year.

Construction spending for new private single-family homes increased 3.0 percent from May to June with builders spending a seasonally adjusted $125.9 billion in June compared to $122.2 billion in May.

Single-family home construction spending was 18.6 percent higher than in June of 2011, when builders spent $106.1 billion on building new single-family homes.

Multi-family private construction spending was 3.4 percent higher than in May, climbing to a seasonally adjusted annual rate of $21.7 billion. In May, builders spent $21.0 billion on multi-family construction.

Multi-family construction spending was 48.8 percent higher than in June of last year, when builders spent a seasonally adjusted $14.6 billion on multi-family dwellings.

The remainder of the private residential construction spending in June, $118.0 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 down slightly from the $119.0 billion spent in May but up from the $116.2 billion spent in June of 2011.

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

Source:
Census Bureau

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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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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.
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August 2, 2012 (Shirley Allen)

Spending on private residential construction increased for a third consecutive month in June with both single-family and multi-family construction posting similar gains from May according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $265.6 billion in June, up 1.3 percent from a revised estimate of $262.1 billion in May.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $567.9 billion, up 0.7 percent from the revised estimate of $564.2 billion in May.

Builders spent 12.1 percent more on private residential construction in June than they did a year ago when $236.9 billion was spent, while the total amount builders spent for all private construction was 13.1 percent higher than the $502.1 billion spent in June of last year.

Construction spending for new private single-family homes increased 3.0 percent from May to June with builders spending a seasonally adjusted $125.9 billion in June compared to $122.2 billion in May.

Single-family home construction spending was 18.6 percent higher than in June of 2011, when builders spent $106.1 billion on building new single-family homes.

Multi-family private construction spending was 3.4 percent higher than in May, climbing to a seasonally adjusted annual rate of $21.7 billion. In May, builders spent $21.0 billion on multi-family construction.

Multi-family construction spending was 48.8 percent higher than in June of last year, when builders spent a seasonally adjusted $14.6 billion on multi-family dwellings.

The remainder of the private residential construction spending in June, $118.0 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 down slightly from the $119.0 billion spent in May but up from the $116.2 billion spent in June of 2011.

Tags: 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.