The latest construction industry vital statistics for November 2015. Learn about all of the Construction trends from Unemployment to Starts and Permits.
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Construction Vital Statistics - November 2015
1. 0
5
10
Construction Backlog
Indicator
By the
Numbers:
Construction Owner
Confidence Index
Unemployment Rate
Housing Permits & Starts
(Bureau of Labor Statistics)
(U.S. Census Bureau & Dept. of Housing and Urban Dev.)
(Producer Price Index)
(U.S. Census Bureau)
(Associated Builders & Contractors/3rd Quarter 2015)
(Associated Builders & Contractors/1st Half of 2015)
Readings above 50 indicate growth
NonresidentialConstructionMaterialPrices
NonresidentialConstructionSpending
Overall
Current Month
SALES EXPECTATIONS
TOTAL PERMITS TOTAL STARTS
PROFIT MARGIN
EXPECTATIONS
STAFFING LEVEL
INTENTIONS
Year-over-Year
Construction
Construction Vital Statistics
rose from 67.3 to 69.4
expanded from 61.0 to 62.9
dipped slightly from 66.3 to 66.2
Current Month:
11.0% vs.
1 yr. Earlier: 19.5%
Current Month:
10.5% vs.
1 yr. Earlier: 16.5%
8.5 vs. 1 yr. Earlier: 8.8
November 2015
at a Glance
Current Month: -0.5% Year-over-year change: -4.6%
October 2015: 1.0% Year-over-year change: 11.0%
5.0% 5.8% 6.2% 7.5%
2. www.cbiz.com/construction1-800-ASK-CBIZ |
1. Reading above 50 indicate growth, while readings below 50 are unfavorable.
2. Any Architecture Billing Index Score above 50 signifies growth - it is a leading economic indicator that provides an
approximately nine to 12 month glimpse into the future of nonresidential construction spending activity.
3. It is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been
shown to lead construction spending for nonresidential buildings by a full year. Since reaching bottom in July 2011
at a level of 77.1 (2000=100), the index has been trending up.
4. Rates as of mid month.
Construction Backlog Indicator (Months)
Current Backlog 8.4 8.5 8.5
Backlog from a year ago 8.1 8.5 8.8
(Associated Builders & Contractors)
Construction Owner Confidence Index1
Sales Expectations 67.3 69.4
Profit Margin Expectations 61.0 62.9
Staffing Level Intentions 66.3 66.2
(Associated Builders & Contractors)
National Unemployment Rate
Overall current month 5.3% 5.3% 5.1% 5.1% 5.0% 5.0%
Overall year over year 6.1% 6.2% 6.1% 5.9% 5.7% 5.8%
Construction current month 6.3% 5.5% 6.1% 5.5% 6.2% 6.2%
Construction year over year 8.2% 7.5% 7.0% 7.0% 6.4% 7.5%
(Bureau of Labor Statistics - BLS)
Housing Permits and Starts
National
Permits - Total 7.4% -16.3% 3.5% -5.0% 4.1% 11.0%
Permits - Total from twelve months earlier 30.0% 7.5% 12.5% 4.7% 2.7% 19.5%
1 - Family - change from previous month 0.9% -1.9% 2.8% -0.3% 2.4% 1.1%
1 - Family - change year over year 6.0% 6.1% 8.7% 6.7% 9.0% 9.0%
5 + Units - change from previous month 16.1% -32.6% 4.3% -14.6% 8.3% 30.8%
5 + Units - change year over year 79.0% 11.1% 21.5% -1.3% -7.1% 38.9%
Starts - Total 9.8% 0.2% -3.0% 6.5% -11.0% 10.5%
Starts - Total from twelve months earlier 26.6% 10.1% 16.6% 17.5% -1.8% 16.5%
1 - Family - change from previous month -0.9% 12.8% -3.0% 0.3% -2.4% 7.6%
1 - Family - change year over year 14.7% 19.0% 14.9% 12.0% 2.4% 14.6%
5 + Units - change from previous month 28.6% -17.1% -2.3% 17.0% -25.5% 18.1%
5 + Units - change year over year 55.0% -2.1% 24.5% 28.6% -8.4% 21.3%
(U.S. Census Bureau & Dept. of Housing and Urban Dev.)
Nonresidential Construction Material Prices
Current Month 0.3% -0.3% -0.8% -1.6% -0.3% -0.5%
Change year over year -3.6% -3.9% -4.7% -6.0% -5.1% -4.6%
(Producer Price Index - PPI)
Nonresidential Construction Spending
Previous Month 1.1% 0.0% 0.5% 0.3% -0.1% 1.0%
Change year over year 8.1% 11.5% 12.7% 12.3% 12.4% 11.0%
(U.S. Census Bureau)
AIA - Architecture Billing Index2
55.7 54.7 49.1 53.7 53.1 49.3
Dodge Momentum Index - Commercial Building3
126.1 132.1 142.0 140.0 124.5 119.9
Interest Rates4
I-Month LIBOR 0.1859% 0.1882% 0.1968% 0.2011% 0.1945% 0.2084%
WSJ Prime Rate 3.25% 3.25% 3.25% 3.25% 3.25% 3.25%
5 Year US Treasury Rate 1.63% 1.58% 1.61% 1.34% 1.66% 1.71%
10 Year US Treasury Rate 2.36% 2.16% 2.28% 2.04% 2.27% 2.28%
Jun. ‘15 Jul. ‘15 Aug. ‘15 Sep. ‘15 Oct. ‘15 Nov. ‘15
1st Qtr. ‘15 2nd Qtr. ‘15
2nd 1/2 ‘14 1st 1/2 ‘15
November 2015 at a Glance
3rd Qtr. ‘15