Friday, August 01, 2014

Construction Spending: June 2014

Today, the U.S. Census Bureau released their latest read of construction spending showing slumping results for June with total private construction spending, single family construction spending and non-residential construction spending all declining over the month.

On a month-to-month basis, total residential spending declined -0.3% from May climbing 7.4% above the level seen in June 2013 and remaining well below the peak level seen in 2006.

Single family construction spending declined 1.40% from May rising 8.5% since June 2013 remaining well below it's peak level reached in 2006.

Non-residential construction spending declined 1.6% from May but rose 11.2% above the level seen in June 2013 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.



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