Construction spending drops in October
Today, the聽聽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.聽
On a month-to-month basis, total residential spending slumped 0.60% from聽September but still climbing 17.80% above the level seen in聽October 2012 remaining well below the peak level seen in 2006.
Single family construction spending declined 0.60% from September rising 17.80% since聽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.
