Monday, October 01, 2012

Constuction Spending: August 2012

Today, the U.S. Census Bureau released their latest read of construction spending showing mixed results August with total construction spending (residential and non-residential) declining while single family residential construction spending improved. 

On a month-to-month basis, total residential spending increased 0.87% from July climbing 18.96% above the level seen in August 2011 while remaining a whopping 59.57% below the peak level seen in 2006.

Single family construction spending climbed 2.83% since July rising 23.05% since August 2011 but remained a whopping 72.12% below it's peak in 2006.

Non-residential construction spending declined 1.70% since July but climbed 4.55% above the level seen in August 2011 and remained a whopping 32.27% below the peak level reached in October 2008.

The following charts (click for larger dynamic 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, month-to-month and peak percent change to each since 1994 and 2000 – 2005.