Construction spending rises in December

Construction?spending increased 2.16 percent in December 2012 climbing 24.99 percent above the construction spending level seen in December 2011.?

By SoldAtTheTop,?Guest blogger / February 4, 2013

Construction spending remains 54.44 percent below the peak level seen in 2006.

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Today, the?U.S. Census Bureau released their latest read of construction spending?showing notably better results in December with total construction spending, the residential component and the non-residential?component improving since November.??

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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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?December 2011 but remained a whopping 69.22% below it's peak in 2006.

Non-residential construction spending increased 1.83% since November?climbing 5.04% above the level seen in December 2011 and remained a whopping 28.05% below the peak level reached in October 2008.

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/VhnhR9p1w_Y/Construction-spending-rises-in-December

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