Larger rise in spending on housing in 2001
June 02, 2003
Consumer spending on housing was up 5.6 percent in 2001, following an increase of 2.2 percent in the previous year. Households spent an average of $13,011 on housing in 2001, almost a third of total expenditures.
Increases in spending on shelter (6.9 percent) and on utilities, fuels, and public services (11.2 percent) were primarily responsible for the increase in overall housing expenditures, and offset decreases in spending on housefurnishings and equipment (-5.9 percent) and household operations (-1.2 percent).The large increase in spending for utilities, fuels, and public services was the result of increases in spending for electricity (10.7 percent), fuel oil (15.9 percent), and natural gas (33.6 percent).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Larger rise in spending on housing in 2001 on the Internet at http://www.bls.gov/opub/ted/2003/jun/wk1/art01.htm (visited May 03, 2016).
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