Monday, December 02, 2013

Construction Spending: October 2013

Today, the U.S. Census Bureau released their latest read of construction spending showing declines in October with total private construction spending falling since September 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 slumped 0.60% from September but still climbing 17.80% above the level seen in October 2012 remaining well below the peak level seen in 2006.

Single family construction spending declined 0.60% from September rising 17.80% since October 2012 remaining well below it's peak level reached in 2006.

Non-residential construction spending declined 0.50% from September falling 3.40% below the level seen in October 2012 and remaining a well 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.