Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Millions of Current Dollars, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Residential Additions And Alterations Consist Of Such Projects As Addition Of Floor Area Of Living Space By Finishing Basements Or Attics, Enclosing Porches, Or Contruction Of A New Wing Or Story; Conversion Of Space To Provide An Addition Dwelling Unit; New Retaining Walls, Walks, Driveways And Patios; General Remodeling Or Modernization By Installing An Additional Bathroom, Enlarging A Kitchen, Etc.; Additional Landscaping; Initial Installation Of A Furnace, Hot-Water Heater, Elecrical Wiring, Plumbing, Air Conditioning, Etc. Included Are Appliances, Such As Refrigerators, Stoves, And Window Air Conditioners; And Normal Maintenance And Repair Work. In This Series Official Bls-Commerce Estimates Were Carried Back From 1921 By Crude Graphic Extrapolaton Using The Movement Of Housekeeping Construction Expenditures But Reducing The Amplitude Of Fluctuation. For Further Information See Source. Source: Leo Grebler, David M. Blank, And Louis Winnick, "Capital Formation In Residential Real Estate: Trends And Prospects, " Princeton University Press For NBER, 1956, Pp. 4052, 336, And 362.

This NBER data series a02273 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.

NBER Indicator: a02273