Today, the U.S. Census Bureau released their latest read of construction spending showing generally improving results in March with total private residential, private single family residential and private non-residential construction spending all increasing on the month.
On a month-to-month basis, total residential construction spending increased 1.6% on the month rising 7.8% above the level seen a year earlier but still remained well below the peak level seen in 2006.
Single family construction spending increased a slight 0.03% on the month rising 13.4% above the level seen a year earlier but still remained well below it's peak level reached in 2006.
Non-residential construction spending increased 0.7% on the month climbing 9.3% above the level seen a year earlier.
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.