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Residential Construction Up Again in October
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You're Now Reading:
Residential Construction Up Again in October
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
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Receive Multiple Offers. Save Money.
You're Now Reading:
Residential Construction Up Again in October
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December 18, 2012 (Shirley Allen)

Construction spending in October by the nation’s home builders kept pace with September as residential construction spending remained more than twenty percent above last year’s levels according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $294.2 billion in October, up 3.0 percent from a revised estimate of $285.7 billion in September.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $592.1 billion, up 1.6 percent from the revised estimate of $582.7 billion in September.

Builders spent 20.8 percent more on private residential construction in October than they did a year ago when $243.7 billion was spent, while the total amount builders spent for all private construction was 15.5 percent higher than the $512.8 billion spent in October of last year.

Construction spending for new private single-family homes increased 3.6 percent from September to October with builders spending a seasonally adjusted $141.3 billion in October compared to $136.4 billion in September.

Single-family home construction spending was 29.0 percent higher than in October of 2011, when builders spent $109.5 billion on building new single-family homes.

Multi-family private construction spending was 6.2 percent higher than in September, climbing to a seasonally adjusted annual rate of $23.8 billion. In September, builders spent $22.4 billion on multi-family construction.

Multi-family construction spending was 53.2 percent higher than in October of last year, when builders spent a seasonally adjusted $15.6 billion on multi-family dwellings.

The remainder of the private residential construction spending in October, $129.1 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 up from the $126.9 billion spent in September and up from the $118.6 billion spent in October 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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December 18, 2012 (Shirley Allen)

Construction spending in October by the nation’s home builders kept pace with September as residential construction spending remained more than twenty percent above last year’s levels according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $294.2 billion in October, up 3.0 percent from a revised estimate of $285.7 billion in September.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $592.1 billion, up 1.6 percent from the revised estimate of $582.7 billion in September.

Builders spent 20.8 percent more on private residential construction in October than they did a year ago when $243.7 billion was spent, while the total amount builders spent for all private construction was 15.5 percent higher than the $512.8 billion spent in October of last year.

Construction spending for new private single-family homes increased 3.6 percent from September to October with builders spending a seasonally adjusted $141.3 billion in October compared to $136.4 billion in September.

Single-family home construction spending was 29.0 percent higher than in October of 2011, when builders spent $109.5 billion on building new single-family homes.

Multi-family private construction spending was 6.2 percent higher than in September, climbing to a seasonally adjusted annual rate of $23.8 billion. In September, builders spent $22.4 billion on multi-family construction.

Multi-family construction spending was 53.2 percent higher than in October of last year, when builders spent a seasonally adjusted $15.6 billion on multi-family dwellings.

The remainder of the private residential construction spending in October, $129.1 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 up from the $126.9 billion spent in September and up from the $118.6 billion spent in October 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
LOANRATEUPDATE
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 LoanRateUpdate. 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
LOANRATEUPDATE
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.

December 18, 2012 (Shirley Allen)

Construction spending in October by the nation’s home builders kept pace with September as residential construction spending remained more than twenty percent above last year’s levels according to the U.S. Census Bureau.

Spending for private residential construction was at a seasonally adjusted annual rate of $294.2 billion in October, up 3.0 percent from a revised estimate of $285.7 billion in September.

Total monthly spending by builders for both residential and non-residential private construction was at a seasonally adjusted annual rate of $592.1 billion, up 1.6 percent from the revised estimate of $582.7 billion in September.

Builders spent 20.8 percent more on private residential construction in October than they did a year ago when $243.7 billion was spent, while the total amount builders spent for all private construction was 15.5 percent higher than the $512.8 billion spent in October of last year.

Construction spending for new private single-family homes increased 3.6 percent from September to October with builders spending a seasonally adjusted $141.3 billion in October compared to $136.4 billion in September.

Single-family home construction spending was 29.0 percent higher than in October of 2011, when builders spent $109.5 billion on building new single-family homes.

Multi-family private construction spending was 6.2 percent higher than in September, climbing to a seasonally adjusted annual rate of $23.8 billion. In September, builders spent $22.4 billion on multi-family construction.

Multi-family construction spending was 53.2 percent higher than in October of last year, when builders spent a seasonally adjusted $15.6 billion on multi-family dwellings.

The remainder of the private residential construction spending in October, $129.1 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 up from the $126.9 billion spent in September and up from the $118.6 billion spent in October 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
LOANRATEUPDATE
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 LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
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.