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