Today, the U.S. Census Bureau released their latest read of construction spending showing notable weakening in June with total private construction spending declining 0.41% from May while single family private residential construction spending and non-residential construction spending also declined on the month. On a month-to-month basis, total residential spending declined 0.02% from May climbing 22.40% above the level seen in June 2012 while still remaining a whopping 50.91% below the peak level seen in 2006.
Single family construction spending declined 0.81% since May rising 31.28% since June 2012 but remained a whopping 64.96% below it's peak in 2006.
Non-residential construction spending declined 0.86% since May falling 1.47% below the level seen in June 2012 and remained a whopping 31.80% 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.
