Wednesday, June 1, 2016

Construction Spending: April 2016

Today, the U.S. Census Bureau released their latest read of construction spending showing generally worsening results in April with total private residential, private single family residential and private non-residential construction spending all declining on the month.

On a month-to-month basis, total residential construction spending declined 1.5% on the month rising 8.0% 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 0.004% on the month rising 12.9% above the level seen a year earlier but still remained well below it's peak level reached in 2006.

Non-residential construction spending declined 1.5% on the month climbing 3.4% above the level seen a year earlier.

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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