![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuPYF8ynunf1rcgfXI4e1uwtgAJjIiGDDN4KckN3E00OlZFMqXEx6S_jRy3ev5JI8AjHtsk5nLOzXMSaPe_SCKpfjLRPd0kpeG_50Skr-1MyIU-o06Ym2KZfcoVEDE-QqKDZF2/s400/bubbleconst.jpg)
Still, it’s a bit early to definitively declare the low for the single family construction spending series as more data and more revisions are required especially as we enter the fall.
On a more sour note, non-residential construction spending clearly looks as though it’s following the lead of the residential declining at the fastest annual rate seen since the declines seen during the dot-com era bust.
Total residential construction spending fell 27.76% as compared to July 2008 and a whopping 63.70% from the peak set in March 2006.
Private single family residential construction spending which declined 45.47% as compared to July 2008 and a truly grotesque 78.27% from the peak set in February 2006.
Non-residential construction spending, currently accounting for just under half of all private construction spending, posted another year-over-year decline of 8.34%.
The following charts (click for larger versions) show private residential construction spending, private residential single family construction spending and private non-residential construction spending broken out and plotted since 1993 along with the year-over-year and peak percent change to each since 1994 and 2000 – 2005.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwIEJ7j_Lzkjg1hhazMZCwNXxl3Mdyxb5qyVU-DBFXulm_To_YBMN48E4LPG8tZctfg78BSBr8qWrZ771BOCzRSEMbBQ6KU1tNlHsIVUbK7rA32mm1fAAHZzlD2YdRlC2A1-xe/s400/cs0709singleIDX.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjId1pbySwD7ic-JVx63itargt1eOgOAjASFyJWyvmIxsln_ZTPSK11WB9jJuqeCv2F2dny-V8Ul8Jt-AkSCN5POWW7MuIt6Sx4e1pTXf4Avsn_IogzF8o-7uUIuTIFPHAScKXj/s400/cs0709singleIDX2000.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOCNIo30Y_u_oXkyqk1Jj0Wdj7Wnq4PJbDgMATmwaXvC8GPKbo_yUCdrOatQ5_oHmqyoZFsmDEB64LROuPycf1s87-H33GOM_2SXs63dhg16S1Y-aw3hDBQ-k6H2Dg9tNwzLap/s400/cs0709allIDX1993.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjz71H4rCB951x_MKuV8FICq_B3vNb-Hx7NfCN9cveWmQMa-61D4Ae1W4M7bzUoAyd6meLG3iP2UX_LaSECmqxWgSgRB2598f1QZ0UQHWiOhNzh9UxG9h2dHNT3fCGMaa5gCEjE/s400/cs0709allIDX2000.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsW-bWBFW3RXcm-FZTF5ennLcpMq9C15ofA9bnhLTfZjp8N3emaii4riYj0P0e6cSS-FOghre4fc-3DArFS9Gaod4YeneIV67eliapYP7VCk3w7Xhy495LCXF6PWNTRPGJxncm/s400/cs0709nonresIDS1993.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYVByDC3pJlODlLoBem96KkkspicXNKXVUiACzWVYSZ-Wp0FOROJRJ8TG8H9ilzDf-NmmmfSZkXiBxObLgEH5v0aQiOtoKPT1ysG3A35G8mgNf0rDzPyQm7aT9QSfb3xCf4Abx/s400/cs0709nonresIDS2000.jpg)