![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9y-qRe9F7RwY54UKAtPI0GWpr5P4jWnm84JcxRvyVu7eeiVldCO6cn07Q44l2G5XzpLtgQ7GAtAbW3pO06-CgHmJzv8EtN30fxKZxRKjg6iDCvZWyBu8pl9ZsDaB8xpWU7sZy/s280/bubbleconst.jpg)
Even with the governments tax-credit gimmick residential construction spending is still 26.96% below the level seen last year and a whopping 62.16% below the peak set in March 2006.
Worse off though was private single family residential construction spending which declined 34.99% as compared to September 2008 and a truly grotesque 76.39% from the peak set in February 2006.
Non-residential construction spending, currently accounting for just under half of all private construction spending, posted another significant year-over-year decline of 15.42%.
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/AVvXsEhBcVR30NZl6C1Hf7gIxk3oIEm9u5Cr6BcEqKZAY3z9_wiqTDt0WoDo1HcPnou7CemomyUa0Mr-QwPPkZipLjviS8AZvluHx723H34qt38kbTu0MHv0L1iC2v78vPboiQdkGhqa/s280/cs0909single1993.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZ6td9Dg9SgSpnu_mxajqPf4wDFZ2_uzleWjwVrlVWXdshnSDcuJUFHm6l5-ExP11kBLb28veY7d-De9JJ8ol33iCeZA4cIp3yVqVbdhNUZ8erUPebmziLymty7A6rbWXXt4Bm/s280/cs0909single2000.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVhu87xXICm3zbN0Glb37WhABrG5n0CxewhcshZPnHwWRw6Is6v8zujKTGmebYh_XdA8LFOirAXFdlDY_QNXTzhg_sjFCnZ8Wo14UTcAqKIsefs2FNYNA_mBe0yQ2anN1OUk7D/s280/cs0909res1993.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8gWlPRcAf_OpgPrz5cOYMam3s8DgM0OF3mLM00PcDI6xhBf37blLzKON13Eup_nynY5wxOtcTC5A6ZYb4l_PKNssWhyI6AQXCTiwMyK3zhZJ4x32-fVVTnlUHqVgJcRUT4rzI/s280/cs0909res2002.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8Sb2BcOUJi69psTkon4_IU3XwinhC5aVVezeep7_HqoPrliqlp3Sm6_P42zav6THrPEB5J510X30iwA2OmAkJAMVfehupmtYVrqgIrfENCfr2gzYfWZfynCpd0qxdrYf1Cwjb/s280/cs0909nonres1993.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghN-qHdn4G8FaNLkqiZ9-uHoS-k8n6_V8nFtffseNoQG-G7-jHwlIjEE83hfWgsx-YjE_8IX3piILQEu4EoeHxFLGLGBUGmFS_LvCMUMMQfQKW4HKDmclasKlFyUueD_Z5caYk/s280/cs0909nonres2005.jpg)