Construction spending up in October

Total residential spending increased a notable 3 percent from September 2012 climbing 22.6 percent above the level seen in October 2011, according to the US Census Bureau.

By , Guest blogger

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    This graph tracks the value of total private residential construction put in place since 2004. Non-residential construction spending increase a slight 0.27 percent since September 2012.
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Today, the U.S. Census Bureau released their latest read of construction spending showing better results in October with total construction spending with both residential and non-residential components improving since September.  

On a month-to-month basis, total residential spending increased a notable 3.00% from September climbing 22.60% above the level seen in October 2011 while still remaining a whopping 56.50% below the peak level seen in 2006.

Single family construction spending climbed a notable 3.61% since September rising 31.52% since October 2011 but remained a whopping 69.97% below it's peak in 2006.

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Non-residential construction spending increase a slight 0.27% since September and rose 6.09% above the level seen in October 2011 and remained a whopping 30.13% 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.

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