Spring econ webcast_may 2013_markstein_commercial construction

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Spring econ webcast_may 2013_markstein_commercial construction

  1. 1. Commercial constructionturned around in 2012and is expected tocontinue to improve
  2. 2. Construction spending and its components01002003004005006007008009001,0001,1001,2001,3001,40002 03 04 05 06 07 08 09 10 11 12 13 14Residential Nonresidential Building Heavy Construction$ BillionsHistory ForecastSource: History – U.S. Census Bureau; Forecast – Reed Construction Data
  3. 3. Reed total starts(3-month moving average year-over-year)-35-30-25-20-15-10-50510152025303540453-Month Moving Average, Year-over-Year % ChangeSource: Reed Construction Data
  4. 4. Total construction spendingSource: History – U.S. Census Bureau; Forecast – Reed Construction Data7007508008509009501,0001,0501,1001,1501,2001,2502002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014Billion $, SAAR
  5. 5. Residentialconstructioncontinues toimprove
  6. 6. Residential construction spending components010020030040050060070080002 03 04 05 06 07 08 09 10 11 12 13 14Improvements Single-family Multifamily$ BillionsHistory ForecastSource: History – U.S. Census Bureau; Forecast – Reed Construction Data
  7. 7. Reed residential starts(3-month moving average year-over-year)Source: Reed Construction Data-60-50-40-30-20-10010203040503-Month Moving Average, Year-over-Year % Change
  8. 8. New residential construction spendingSource: History – U.S. Census Bureau; Forecast – Reed Construction Data10015020025030035040045050055093 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14Billion $, SAAR
  9. 9. Residential construction spending componentsSource: History – U.S. Census Bureau; Forecast – Reed Construction Data050100150200250300350400450Single-Family Multifamily Improvements2002 2003 2004 2005 20062007 2008 2009 2010 20112012 2013 2014$ Billions
  10. 10. Nonresidential buildingconstruction hasstruggled lately, but isexpected to performbetter in the second halfof this year and in 2014
  11. 11. Reed nonresidential building starts(3-month moving average year-over-year)Source: Reed Construction Data-40-35-30-25-20-15-10-50510152025303-Month Moving Average, Year-over-Year % Change
  12. 12. Nonresidential construction spendingSource: History – U.S. Census Bureau; Forecast – Reed Construction Data2002252502753003253503754004254504752002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014Billion $, SAAR
  13. 13. Nonresidential spending componentsSource: History – U.S. Census Bureau; Forecast – Reed Construction Data0102030405060708090100Hotel/Lodging Office Commerical2002 2003 2004 2005 20062007 2008 2009 2010 20112012 2013 2014$ Billions
  14. 14. Nonresidential spending componentsSource: History – U.S. Census Bureau; Forecast – Reed Construction Data0102030405060708090100110Religious Healthcare Education2002 2003 2004 2005 20062007 2008 2009 2010 20112012 2013 2014$ Billions
  15. 15. Nonresidential spending componentsSource: History – U.S. Census Bureau; Forecast – Reed Construction Data010203040506070Public safety Amusement and recreation Manufacturing2002 2003 2004 2005 20062007 2008 2009 2010 20112012 2013 2014$ Billions
  16. 16. Heavy engineering(non-building)construction heldup best over thelast few years
  17. 17. Despite considerablechallenges, the outlookfor heavy engineeringconstruction is fairlypositive
  18. 18. Reed heavy engineering starts(3-month moving average year-over-year)Source: Reed Construction Data-40-30-20-10010203040506070803-Month Moving Average, Year-over-Year % Change
  19. 19. Heavy engineering construction spendingSource: History – U.S. Census Bureau; Forecast – Reed Construction Data1501752002252502753003252002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014Billion $, SAAR
  20. 20. Heavy engineering spending componentsSource: History – U.S. Census Bureau; Forecast – Reed Construction Data0102030405060708090100110120130Transportation Communication Power2002 2003 2004 2005 20062007 2008 2009 2010 20112012 2013 2014$ Billions
  21. 21. Heavy engineering spending componentsSource: History – U.S. Census Bureau; Forecast – Reed Construction Data0102030405060708090100110Highway Water and Sewer Conservation2002 2003 2004 2005 20062007 2008 2009 2010 20112012 2013 2014$ Billions
  22. 22. Regionaleconomicperformance
  23. 23. Economic performance of the statesSource: Philadelphia Federal Reserve Bank
  24. 24. Economic performance of the statesSource: Philadelphia Federal Reserve Bank
  25. 25. Connect with Reed Construction Data Twittertwitter.com/BMarkstein Twittertwitter.com/ReedConstrData Facebookwww.facebook.com/Reed-Construction-Data LinkedInwww.linkedin.com/company/reed-construction-data Webwww.reedconstructiondata.com
  26. 26. Contact information and linksBernard M. Markstein Office: 301-588-5190 Mobile: 404-952-3381 b.markstein@reedbusiness.com U.S. Forecast and Commentary:http://www.reedconstructiondata.com/market-intelligence/articles/ Blog:http://www.reedconstructiondata.com/market-intelligence/bernie-markstein/

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