Total residential construction in January was down 0.02 percent from December. Single family construction climbed 3.62 percent in January, but non-residential spending dropped 5.08 percent during that period.?
EnlargeToday, the U.S. Census Bureau released their?latest read of construction spending showing mixed results in January with total construction spending and non-residential construction spending declining while single family residential construction spending improved. ?
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On a month-to-month basis, total residential spending declined 0.02% from December climbing 22.05% above the level seen in January 2012 while still remaining a whopping 54.97% below the peak level seen in 2006.
Single family construction spending climbed a notable 3.62% since December rising 30.21% since?Janaury 2012 but remained a whopping 68.00% below it's peak in 2006.
Non-residential construction spending declined a whopping 5.08% since December but still?climbing?3.95% above the level seen in January 2012 and remained a whopping 27.36% below the peak level reached in October 2008.
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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/4TAlHljcUPo/Construction-spending-mixed-in-January
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