Construction spending drops in October

Construction spending declined in October, according to the latest read from the US Census Bureau. Total residential construction spending dropped 0.6 percent from September. 

SoldAtTheTop
This chart shows show private residential construction spending since 2004, according to the US Census Bureau.

Today, the U.S. Census Bureau released their latest read of construction spending showing declines in October with total private construction spending falling since September while single family private residential construction spending and non-residential construction spending also declined on the month. 

On a month-to-month basis, total residential spending slumped 0.60% from September but still climbing 17.80% above the level seen in October 2012 remaining well below the peak level seen in 2006.

Single family construction spending declined 0.60% from September rising 17.80% since October 2012 remaining well below it's peak level reached in 2006.

Non-residential construction spending declined 0.50% from September falling 3.40% below the level seen in October 2012 and remaining a well 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 CSMonitor.com.

QR Code to Construction spending drops in October
Read this article in
https://www.csmonitor.com/Business/Paper-Economy/2013/1202/Construction-spending-drops-in-October
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe