Significant changes were made on how the Census Bureau measures spending activity, which produced equally significant changes on previous numbers for remodeling spending starting in January 2005. The new measurement changes shows an increase in remodeling spending, with smaller declines than its past reports indicated. On average, with these measurement changes, the report showed that spending over the period between January 2005 through October 2015 was revised down to 9%.
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Over 2014 and ending in the third quarter of 2015, the December 2015 release of residential improvements spending was revised up by an average of $34.0 billion in each quarter. On average, each quarter of residential improvements spending over this period was revised up by 33%. The largest revision during this period took place in the first quarter of 2015 when the $99.5 billion in residential improvements spending was revised up by 45% to $144.1 billion. In the most recent quarter, the third quarter of 2015, the $114.6 billion in residential improvements spending was revised up by 28% to $147.1 billion.