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Photo 199231482 / Hye Jin Kang / Dreamstime
Photo 199231482 / Ye Jin Kang / Dreamstime
Photo 199231482 / Hye Jin Kang / Dreamstime
Photo 199231482 / Hye Jin Kang / Dreamstime
Photo 199231482 / Hye Jin / Kang /Dreamstime
Photo 199231482 / Hye Jin Kang / Dreamstime
199231482 / Hye Jin Kang/ Dreamstime
hye jin kang / DreamsTime
Hye Jin Kang / DreamsTime
Prices Cost Rising Photo 199231482 Hye Jin Kang Dreamstime Copy

Residential Improvement Spending Drops

Nov. 7, 2003
Expenditures for improvements and repairs of residential properties dropped in the second quarter 2003 to a seasonally adjusted annual rate of $173.2 billion, according to the U.S. Department of Commerce.

Expenditures for improvements and repairs of residential properties dropped in the second quarter 2003 to a seasonally adjusted annual rate of $173.2 billion, according to the U.S. Department of Commerce.This estimate is 3.6 percent below the first quarter 2003 estimate of $179.7 billion. Spending on maintenance and repairs was at a seasonally adjusted annual rate of $41.0 billion in the second quarter 2003; improvements amounted to $132.2 billion.