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Construction spending rises in December

Construction spending increased 2.16 percent in December 2012 climbing 24.99 percent above the construction spending level seen in December 2011. 

By Guest blogger / February 4, 2013

Construction spending remains 54.44 percent below the peak level seen in 2006.



Today, the U.S. Census Bureau released their latest read of construction spending showing notably better results in December with total construction spending, the residential component and the non-residential component improving since November.  

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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On a month-to-month basis, total residential spending increased 2.16% from November climbing 24.99% above the level seen in December 2011 while still remaining a whopping 54.44% below the peak level seen in 2006.

Single family construction spending climbed 0.77% since November rising 30.75% since December 2011 but remained a whopping 69.22% below it's peak in 2006.

Non-residential construction spending increased 1.83% since November climbing 5.04% above the level seen in December 2011 and remained a whopping 28.05% below the peak level reached in October 2008.

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