Construction spending rises in December
Today, the聽聽showing notably better results in December with total construction spending, the residential component and the non-residential聽component improving since November.聽聽
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聽December 2011 but remained a whopping 69.22% below it's peak in 2006.
Non-residential construction spending increased 1.83% since November聽climbing 5.04% above the level seen in December 2011 and remained a whopping 28.05% below the peak level reached in October 2008.
