Construction Spending: December 2015

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Includes: ITB, PKB, XHB
by: Sold At The Top

Monday, the U.S. Census Bureau released their latest read of construction spending showing improved residential spending but weakening non-residential spending for December with total private construction spending and single family construction spending rising on the month while non-residential construction spending declined.

On a month-to-month basis, total residential construction spending increased 0.9% on the month rising 8.1% above the level seen a year earlier but still remained well below the peak level seen in 2006.

Single family construction spending increased 1.0% on the month rising 8.7% above the level seen a year earlier but still remained well below it's peak level reached in 2006.

Non-residential construction spending declined a notable 2.1% on the month but rose 11.8% above the level seen a year earlier but still remains a well 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 along with the year-over-year, month-to-month and peak percent change to each since 1994 and 2000 - 2005.