Construction Industry 2016 Year End Review
•
0 j'aime•596 vues
This document summarizes construction industry statistics for 2016. Key points include: - Contractor confidence and nonresidential investment readings were above 50, indicating growth. Unemployment rates fell to 9-year lows. - Housing starts trended upward over the year, finishing above December 2015 levels for both single-family and total starts. - However, excluding a slight bump in single-family permits, total permits declined from the previous year. - Three areas to watch that could impact the industry are increasing regulatory complexity, ongoing skilled labor shortages, and rising interest rates.
Recommandé
Recommandé
Contenu connexe
Tendances
Tendances (20)
Similaire à Construction Industry 2016 Year End Review
Similaire à Construction Industry 2016 Year End Review (20)
Plus de CBIZ, Inc.
Plus de CBIZ, Inc. (20)
Dernier
Dernier (20)
Construction Industry 2016 Year End Review
- 1. 2016YEAR END Construction Vital Statistics Contractor ConfidenceReadings above 50 indicate growth Nonresidential Investment Growth Indices Unemployment Rate Sales Expectations StaffingLevel Intentions ProfitMargin Expectations 1stHalf2016 61.1 1stHalf2016 64.9 Housing Starts MaterialPrices OverallPrices AveragePrices vs.PreviousYear 3.4% 1.7% Spending OverallSpending ArchitectureBillingsIndex DodgeMomentumIndex CommercialBuilding AverageSpending vs.PreviousYear 5.82% 4.04% 1stHalf2016 64.1 9YearHigh 8YearHigh 3 Key Areas to Watch Increasingregulatorycomplexityand volitilityinWashington Continuationofskilledlaborshortage, compoundedbyupdatedtechnology Risinginterestrates Construction Industry -9% -6% -3% 0% 3% 6% Total 1-Family Units 5+ Family Units Housing Permits -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% Total 1-Family Units 5+ Family Units Other than a slight bump in single-family unit permits (just over 4%), the total number of permits issued showed a decline from last year. The single-family sector still ended at a 2-year high. ■2016OverallGrowth■2015OverallGrowth■2016OverallGrowth■2015OverallGrowth 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Jan Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. National Overall 2nd Half 2015 67 2nd Half 2015 62.8 2nd Half 2015 63.9 Spurred by the single-family sector, starts trended upward, finishing the year above December 2015 levels, both in single-family and total starts.
- 2. 1-800-ASK-CBIZ | www.cbiz.com/construction 2015 vs 2016 Nonresidential Construction Spending Total Single-Family Starts (in relation to Dec 2014 levels) Total Single-Family Permits (in relation to Dec 2014 levels) Nonresidential Construction Material Prices Total Multi-Unit Starts (in relation to Dec 2014 levels) Total Multi-Unit Permits (in relation to Dec 2014 levels) 25.0% 2015 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 0.5% 0.4% 2015 0.3% 0.2% 0.1% 0.0% -0.1% -0.2% -0.3% -0.4% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 20.0% 2015 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% -25.0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 20.0% 2015 10.0% 0.0% -10.0% -20.0% -30.0% -40.0% -50.0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 6.0% 2015 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 100.0% 2015 80.0% 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% -60.0% Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 2016 MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm that provides audit, review and attest services, and works closely with CBIZ, a business consulting, tax and financial services provider. CBIZ and MHM are members of Kreston International Limited, a global network of independent accounting firms.