Normally new spending on new home building is double spending on home improvements. Worse, to date in 2013, new home building spending is flat.
Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
Wednesday, November 20, 2013
Spending on Home Improvements Continues to Exceed Spending on New Construction
In the third quarter of 2013 investment in home improvements was $178 billion, while construction spending on new single family and town home building was $172 billion. Each were about one percent of GDP. Similarly, in the first three months of 2013 spending on home improvements was $161 billion, slightly above the $157 billion spent building new home building.
Normally new spending on new home building is double spending on home improvements. Worse, to date in 2013, new home building spending is flat.
Normally new spending on new home building is double spending on home improvements. Worse, to date in 2013, new home building spending is flat.
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