Seeking Alpha
Analyst, REITs
Profile| Send Message|
( followers)

Today, the U.S. Census Bureau released their latest read of construction spending showing mixed results for April with total private construction spending and single family construction spending rising since March while non-residential construction spending declined over the same period.

On a month-to-month basis, total residential spending increased 0.10% from March climbing 17.2% above the level seen in April 2013 and remaining well below the peak level seen in 2006.

Single family construction spending increased 1.30% from March rising 14.50% since April 2013 remaining well below it's peak level reached in 2006.

Non-residential construction spending declined 0.10% from March but rose 5.60% above the level seen in April 2012 and remaining 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.

(click to enlarge)

(click to enlarge)

(click to enlarge)

Source: Construction Spending: April 2014