Today, the U.S. Census Bureau released their latest read of construction spending for July showing generally flattening in spending for residential construction while non-residential spending increased.
On a month-to-month basis, total residential construction spending increased 032% on the month rising 6.97% above the level seen a year earlier but still remained well below the peak level seen in 2006.
Single family construction spending declined a slight 0.015% on the month rising 9.62% above the level seen a year earlier but still remained well below it's peak level reached in 2006.
Non-residential construction spending increased 1.67% on the month climbing 7.60% above the level seen a year earlier and surging well above the level reached at the peak of the Great Recession in 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.