Residential Additions And Alterations Consist Of Such Projects As Addition Of Floor Area Or Living Space By Finishing Basements Or Attics, Enclosing Porches, Or Construction Of A New Wing Or Story; Conversion Of Space To Provide An Additional 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, Electrical Wiring, Plumbing, Air Conditioning, Etc. Excluded Are Appliances, Such As Refrigerators, Stoves, And Window Air Conditioners; And Normal Maintenance And Repair Work. For Further Information Consult Introductory Notes On Bls-Dept. Of Commerce Data And Lipsey And Preston, P. 261. The Constant Dollar Series For Private Non- Farm Residential Additions And Alterations Was Derived By Deflating The Current Dollar Figures (Series 02264) By The Monthly Residential Construction Cost Index Of E. H. Boeckh And Associates-An Unweighted Average Of Indexes For Frame And Brick Residences. Monthly Data In Constant Dollars Are Available Only From 1946 On, And Only In Seasonally Adjusted Form. Source: Bureau Of The Census Publications (See Introductory Notes On Bls-Dept. Of Commerce Data)
This NBER data series m02265 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html.
NBER Indicator: m02265
Release: NBER Macrohistory Database
National Bureau of Economic Research, Private Nonfarm Residential Additions and Alterations, Value In Constant Dollars for United States [M02265USM382SNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M02265USM382SNBR/, August 30, 2015.