Monday, February 1, 2016

Construction Spending: December 2015

Today, the U.S. Census Bureau released their latest read of construction spending showing improved residential spending but weakening non-residential spending for December with total private construction spending and single family construction spending rising on the month while non-residential construction spending declined.

On a month-to-month basis, total residential construction spending increased 0.9% on the month rising 8.1% above the level seen a year earlier but still remained well below the peak level seen in 2006.

Single family construction spending increased 1.0% on the month rising 8.7% above the level seen a year earlier but still remained well below it's peak level reached in 2006.

Non-residential construction spending declined a notable 2.1% on the month but rose 11.8% above the level seen a year earlier but still remains 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.



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