This chart shows private residential construction spending since 2004. Single family construction spending climbed 2.83 percent since July 2012 and rose 23.05 percent since August 2011.

Mixed news for August construction

Total construction spending declined in August 2012 while single family residential construction spending improved, according to the latest data from the US Census Bureau.  

Today, the U.S. Census Bureau released their latest read of construction spending showing mixed results August with total construction spending (residential and non-residential) declining while single family residential construction spending improved.  

On a month-to-month basis, total residential spending increased 0.87% from July climbing 18.96% above the level seen in August 2011 while remaining a whopping 59.57% below the peak level seen in 2006.

Single family construction spending climbed 2.83% since July rising 23.05% since August 2011 but remained a whopping 72.12% below it's peak in 2006.

Non-residential construction spending declined 1.70% since July but climbed 4.55% above the level seen in August 2011 and remained a whopping 32.27% below the peak level reached in October 2008.

You've read  of  free articles. Subscribe to continue.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to

QR Code to Mixed news for August construction
Read this article in
QR Code to Subscription page
Start your subscription today