![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6eV4yRTsn1nRl-17JuyyzacGprlx-HvThUySLWUwlyL9EPEEknM24Hv81KsswvaC-3e9aGmF4mUHEmnp9iunlBpCOrVzfzLeiqCgT_j96lhwKcQAEGwuDVMih7njRvT9E7x4w/s400/bubbleconst.jpg)
Even with the governments tax-credit gimmick residential construction spending is still 23.62% below the level seen last year and a whopping 62.99% below the peak set in March 2006.
Worse off though was private single family residential construction spending which declined 30.66% as compared to October 2008 and a truly grotesque 75.94% from the peak set in February 2006.
Non-residential construction spending, currently accounting for over half of all private construction spending, posted another significant year-over-year decline of 20.57%.
The following charts (click for larger 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 and peak percent change to each since 1994 and 2000 – 2005.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4ckDokgdAkK5LqfDQffj0C_sde2rhJ6oGju2KfR-oFyiia2wGSjnHjxFpbWaAc8zXcMQoY69N-pto1h50qyYYB12M2MRZPk6JG_qDzRwIudLIe_jYl7Qp2DbcSJDxcms0O6jR/s400/cs1009private1993.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhC0RUDfmuPp0I6xybWBxdED7ikUfbTzQhTlVLhxSJnGidyoFKNBwRi3RmjTa3LQre9Ib459nUjSNyoIao8qc0xk7GqJwjvPlZpMjQ3Tb6RzxOqnll-JAKiToQsodRRx-m5zhE7/s400/cs1009private2005.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2VOUw7Rzh05_MPbGMxABVPLIo5DbopXLXkM4ClS2BiUE8sYLPfPIIuoWlAsXt_S5r_J2lJBt9etr81fN8ep_sdau3XfTuV8vWVhplrbpmzs6Va-pMMOPWWKIWDpAOvcr7Hvpz/s400/cs1009privatenonres1993.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUe6eg8cBRvRRJMX4hmZlzc6Rb_WdinMAGENYD3AweS7sGesFxZQabrp3cH-mHOnI20jRlaCUbM0waJOqzZ3qIOVHaP4DwdFTp6NoFLK6bmyyyp-oUf3BtDADaC-vg9XlS6cq_/s400/cs1009privatenonres2005.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh68TMr7sjjGeSIIevJbt4uDKXvtjClvUp9v5xVYVrlu6gIhO3Vj6cw8cZj3xs2RWTgT7YyFJ9_wcJCpXgJX00WcLhvYdUGLzCvvGJcESd7bkD48u21R7trj3Nx1PsDvRkIW7Jn/s400/cs1009privatesingle1993.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiELdmvz5xf-uCiVYQc348NHBZYaNT-b0hbtp3g_xD3bsI-j7duEO47Poy850YXhqL1euZxkAcVjI6aMAcbUEV2sRxP3EAEai3UVKapFRcMJste_JKJdlSxzQ77l4HSLKoWaM2o/s400/cs1009privatesingle2000.jpg)