Friday, March 01, 2013

Constuction Spending: January 2013

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

On a month-to-month basis, total residential spending declined 0.02% from December climbing 22.05% above the level seen in January 2012 while still remaining a whopping 54.97% below the peak level seen in 2006.

Single family construction spending climbed a notable 3.62% since December rising 30.21% since Janaury 2012 but remained a whopping 68.00% below it's peak in 2006.

Non-residential construction spending declined a whopping 5.08% since December but still climbing 3.95% above the level seen in January 2012 and remained a whopping 27.36% 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.