Monday, August 03, 2015

Construction Spending: June 2015

Today, the U.S. Census Bureau released their latest read of construction spending showing weakening results for June with total private construction spending, single family construction spending and non-residential construction spending all declining over the month.

On a month-to-month basis, total residential spending declined 0.5% from May but remained 13.7% above the level seen in June 2014 and remained well below the peak level seen in 2006.

Single family construction spending declined 0.3% from May and rose 12.8% since June 2014 but remaining well below it's peak level reached in 2006.

Non-residential construction spending declined 1.3% from May and rose 14.6% above the level seen in June 2014 but 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.