Thursday, November 1, 2012

Constuction Spending: September 2012

Today, the U.S. Census Bureau released their latest read of construction spending showing generally better results in September with total construction spending (residential and non-residential) improving while non-residential construction spending declined slightly. 

On a month-to-month basis, total residential spending increased a notable 2.81% from August climbing 22.48% above the level seen in September 2011 while remaining a whopping 57.74% below the peak level seen in 2006.

Single family construction spending climbed a whopping 3.85% since August rising 28.30% since September 2011 but remained a whopping 70.86% below it's peak in 2006.

Non-residential construction spending declined 0.05% since August but climbed 5.14% above the level seen in September 2011 and remained a whopping 30.89% 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.