Well, techincally no.
Logically thinking, creating many single quoted strings would technically be less efficient than one larger double-quoted string with vars in.
i.e:
PHP Code:
$single = 'hello my name is '.$name.' and my age is '.$age.'. I live in a '.$building.' in '.$location.'.';
$double = "hello my name is {$name} and my age is {$age}. I live in a {$building} in {$location}.";
5 smaller single quoted strings concatenated with vars, or one double quoted string with vars inside.
5 creations vs 1. Think about it.