US construction spending show mixed results in May
Today, the聽聽showing mixed results for May with total private construction spending and single family construction spending declining from April while non-residential construction spending improved over the same period.聽
On a month-to-month basis, total residential spending declined 1.5 percent from April climbing 7.0 percent above the level seen in聽May 2013 and remaining well below the peak level seen in 2006.
Single family construction spending declined 1.40 percent from April rising 10.9 percent since聽May 2013 remaining well below it's peak level reached in 2006.
Non-residential construction spending increased 1.1 percent from April but rose 10.7 percent above the level seen in May 2012 and remaining a well below the peak level reached in October 2008.
The following charts show , and and plotted since 1993 along with the year-over-year, month-to-month and peak percent change to each since 1994 and 2000 鈥� 2005.
