Construction spending rises in July

Construction spending increased 0.92 percent in July, with residential construction spending up 19 percent from a year ago.

This chart shows private residential construction spending since 1993 along with the year-over-year, month-to-month and peak percent change to each since 1994 and 2000 to 2005.

Today, the U.S. Census Bureau released their latest read of construction spending showing increase in June with total private construction spending rising 0.92% from June while single family private residential construction spending and non-residential construction spending also increased on the month. 

On a month-to-month basis, total residential spending increased 0.58% from June climbing 19.00% above the level seen in July 2012 while still remaining a whopping 50.54% below the peak level seen in 2006.

Single family construction spending increased 0.50% since June rising 31.74% since July 2012 but remained a whopping 64.25% below it's peak in 2006.

Non-residential construction spending increased 1.31% since June falling 0.29% below the level seen in July 2012 and remained a whopping 30.37% below the peak level reached in October 2008.

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