Construction Spending: July 2013

Includes: ITB, PKB, REM, REZ, RTL, XHB
by: Sold At The Top

Today, the U.S. Census Bureau released its latest read of construction spending, showing an increase in June. Total private construction spending rose 0.92% from June, while single-family private residential construction spending and non-residential construction spending also increased on the month. On a month-to-month basis, total residential spending increased 0.58% from June, climbing 19.00% above the level seen in July 2012 while still remaining a whopping 50.54% below the peak level seen in 2006.

Single-family construction spending increased 0.50% since June, rising 31.74% since July 2012, but remained a whopping 64.25% below its peak in 2006. Non-residential construction spending increased 1.31% since June, falling 0.29% below the level seen in July 2012. It remained a whopping 30.37% 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 include the year-over-year, month-to-month, and peak percent change to each since 1994 and 2000-05.