Remodeling Expenditures Up

Expenditures for improvements and repairs of residential properties in the third quarter 2000 was estimated at $149 billion, according to the U.S. Commerce Department Census Bureau.

March 31, 2001

Expenditures for improvements and repairs of residential properties in the third quarter 2000 was estimated at $149 billion, according to the U.S. Commerce Department Census Bureau. This represented an increase of 1 percent over the second quarter of 2000 and a 1.1% rise over the third quarter of 1999.

$42.5 billion of the estimated third-quarter spending was for maintenance and repairs. The remaining $106.5 billion went to improvements.

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