Monday, February 03, 2014

Construction Spending: December 2013

Today, the U.S. Census Bureau released their latest read of construction spending showing improvement in December with total private construction spending and single family construction spending rising since November while non-residential construction spending declined over the same period.

On a month-to-month basis, total residential spending increased 2.57% from November climbing 18.67% above the level seen in December 2012 and remaining well below the peak level seen in 2006.

Single family construction spending increased 3.42% from November rising 24.19% since December 2012 remaining well below it's peak level reached in 2006.

Non-residential construction spending declined 0.66% from November falling 4.95% below the level seen in December 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.