Tuesday, March 1, 2016

Construction Spending: January 2016

Today, the U.S. Census Bureau released their latest read of construction spending showing mixed results January with total private residential construction spending going flat, non-residential construction spending rising and single family residential construction spending falling on the month.

On a month-to-month basis, total residential construction spending went flat with an increase of just 0.01% on the month but rising 7.7% above the level seen a year earlier while still remaining well below the peak level seen in 2006.

Single family residential construction spending declined, dropping 0.2% on the month but rising 6.6% above the level seen a year earlier while remaining well below it's peak level reached in 2006.

Non-residential construction spending increased 1% on the month and rose 11.5% above the level seen a year earlier but still remained 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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