Construction Spending: April 2013

Includes: ITB, IYR, REZ, XHB
by: Sold At The Top

Today, the U.S. Census Bureau released its latest read on construction spending, showing mixed results in April. Total private construction spending declined, while single-family private residential construction spending and non-residential construction spending improved on the month. On a month-to-month basis, total residential spending declined 0.11% from March. It climbed 18.78% above the level seen in April 2012 while still remaining a whopping 55.37% below the peak level seen in 2006.

Single-family construction spending rose 1.42% since February. It rose 38.63% since April 2012 but remained a whopping 64.76% below its peak in 2006. Non-residential construction spending rose 2.19% since March, and rose a slight 0.65% above the level seen in April 2012. It remained a whopping 29.60% 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 the year-over-year, month-to-month, and peak percent change to each since 1994 and 2000-05.