Today, the U.S. Census Bureau released its latest read of construction spending showing notable weakening in June, with total private construction spending declining 0.41% from May. Single-family private residential construction spending and non-residential construction spending also declined on the month. On a month-to-month basis, total residential spending declined 0.02% from May, climbing 22.40% above the level seen in June 2012 while still remaining a whopping 50.91% below the peak level seen in 2006.
Single family construction spending declined 0.81% since May, rising 31.28% since June 2012. But it remained a whopping 64.96% below its peak in 2006. Non-residential construction spending declined 0.86% since May, falling 1.47% below the level seen in June 2012. It remained a whopping 31.80% below the peak level reached in October 2008.
The following charts show private residential construction spending, private residential single-family construction spending, and private non-residential construction spending broken out and plotted since 1993. They also show with the year-over-year, month-to-month, and peak percent change to each since 1994 and 2000-05.