Yesterday, the U.S. Census Bureau released their latest read of construction spending showing improved results for July with total private construction spending, single family construction spending and non-residential construction spending all increasing over the month.
On a month-to-month basis, total residential spending increased 1.1% from June rising 15.6% above the level seen in July 2014 and remained well below the peak level seen in 2006.
Single family construction spending increased 2.1% from June and rose 15.8% since July 2014 but remaining well below it's peak level reached in 2006.
Non-residential construction spending increased 1.5% from June and rose 18.2% above the level seen in July 2014 but 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.