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Construction Vital Statistics February 2015
at a Glance
Unemployment Rate
(Bureau of Labor Statistics)
12.8%5.5%
Overall
Current Month Year-over-Year
Construction
6.7% 10.6%
Housing Permits & Starts
(U.S. Census Bureau & Dept. of Housing and Urban Dev.)
TOTAL PERMITS
Current Month:
3.0% vs.
1 yr. Earlier: 7.7%
TOTAL STARTS
Current Month:
-17.0% vs.
1 yr. Earlier: -3.3%
Nonresidential Construction Material Prices (Producer Price Index)
By the
Numbers: Current Month: 0.4%
Nonresidential Construction Spending (U.S. Census Bureau)
Construction Backlog
Indicator
(Associated Builders & Contractors/4th Quarter 2014)
8.7 vs. 1 yr. Earlier: 8.3
Construction Owner
Confidence Index
(Associated Builders & Contractors/1st Half of 2014)
Readings above 50 indicate growth
SALES EXPECTATIONS
rose from 63.2 to 68.2
PROFIT MARGIN
EXPECTATIONS
expanded from 57.5 to 60.0
STAFFING LEVEL
INTENTIONS
moved higher from 62.2 to 65.0
Year-over-year change: -4.9%
January 2015: -2.0% Year-over-year change: 4.8%
vs.
vs.
February 2015 at a Glance
Readings above 50 indicate growth, while readings below 50 are unfavorable.
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.
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.
Rates as of mid month.
1
2
3
4
1
2
3
4
3rd Qtr. 4th Qtr.
1st 1/2 ‘14
Construction Backlog Indicator (Months)
Current Backlog
Backlog from a year ago
Construction Owner Confidence Index
Sales Expectations
Profit Margin Expectations
Staffing Level Intentions
National Unemployment Rate
Overall current month
Overall year-over-year
Construction current month
Construction year-over-year
Arizona Unemployment Rate
Overall current month
California Unemployment Rate
Overall current month
Nevada Unemployment Rate
Overall current month
National Housing Permits and Starts
Permits - Total
Permits - Total from twelve months earlier
1 - Family - change from previous month
1 - Family - change year-over-year
5 + Units - change from previous month
5 + Units - change year-over-year
Starts - Total
Starts - Total from twelve months earlier
1 - Family - change from previous month
1 - Family - change year-over-year
5 + Units - change from previous month
5 + Units - change year-over-year
West Housing Permits and Starts
Permits - Total
Permits - Total from twelve months earlier
1 - Family - change from previous month
1 - Family - change year-over-year
Starts - Total
Starts - Total from twelve months earlier
1 - Family - change from previous month
1 - Family - change year-over-year
Nonresidential Construction Material Prices
Current Month
Change year-over-year
Nonresidential Construction Spending
Previous Month
Change year-over-year
AIA - Architecture Billing Index
Dodge Momentum Index - Commercial Building
Interest Rates
I-Month LIBOR
WSJ Prime Rate
5 Year US Treasury Rate
10 Year US Treasury Rate
Oct. ‘14
8.8
8.2
68.2
60.0
65.0
5.8%
7.2%
6.4%
9.0%
6.6%
7.2%
7.2%
4.8%
1.2%
1.4%
2.4%
8.0%
-1.5%
-2.8%
7.8%
4.2%
15.4%
-15.5%
-6.8%
-21.6%
-17.6%
2.3%
-3.6%
-10.9%
-0.5%
2.7%
-16.9%
-1.1%
0.5%
-1.0%
4.2%
53.7
130.2
0.1535%
3.25%
1.66%
2.63%
Nov. ‘14
5.8%
7.0%
7.5%
8.6%
6.6%
7.2%
7.1%
-5.2%
-0.2%
-1.2%
-0.9%
-11.1%
0.5%
-1.6%
-7.0%
-5.4%
-4.6%
7.6%
-11.9%
-5.6%
6.3%
6.8%
4.4%
28.1%
24.1%
-5.2%
-7.6%
-1.1%
-0.6%
1.0%
4.3%
50.9
132.6
0.1548%
3.25%
1.55%
2.12%
Dec. ‘14
5.6%
6.7%
8.3%
11.4%
6.6%
7.1%
7.0%
-1.9%
1.0%
4.5%
8.1%
-12.4%
-9.9%
4.4%
5.3%
7.2%
7.9%
-4.2%
0.3%
-20.5%
-17.9%
7.0%
4.1%
5.8%
3.5%
15.8%
21.6%
-1.7%
-1.9%
-1.0%
4.0%
52.2
138.0
0.1635%
3.25%
1.28%
1.76%
Jan. ‘15
8.7
8.3
5.7%
6.6%
9.8%
12.3%
6.6%
7.0%
7.1%
-0.7%
8.1%
-3.1%
5.8%
3.3%
13.8%
-2.0%
18.7%
-6.7%
16.3%
12.1%
24.5%
16.8%
26.4%
-6.7%
-2.8%
-3.4%
21.7%
-3.0%
5.3%
-2.1%
-4.6%
0.4%
5.9%
49.9
134.3
0.1682%
3.25%
1.48%
2.00%
The information within this table has been compiled from multiple data sources, including the Associated Builders & Contractors, the U.S. Census Bureau, the Department
of Housing and Urban Development (HUD), and the Producer Price Index. This information does not purport to be complete or all inclusive. For more information, please
visit each source site.
Feb. ‘15
5.5%
6.7%
10.6%
12.8%
6.5%
6.7%
7.1%
3.0%
7.7%
-6.2%
2.8%
19.9%
15.0%
-17.0%
-3.3%
-14.9%
0.7%
-21.6%
-9.50%
2.2%
16.3%
5.6%
13.6%
-18.2%
10.1%
-9.1%
10.4%
0.4%
-4.9%
-2.0%
4.8%
50.4
138.0
0.1721%
3.25%
1.41%
1.93%

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Phoenix Construction Vital Stats - February 2015

  • 1. 0 5 10 Construction Vital Statistics February 2015 at a Glance Unemployment Rate (Bureau of Labor Statistics) 12.8%5.5% Overall Current Month Year-over-Year Construction 6.7% 10.6% Housing Permits & Starts (U.S. Census Bureau & Dept. of Housing and Urban Dev.) TOTAL PERMITS Current Month: 3.0% vs. 1 yr. Earlier: 7.7% TOTAL STARTS Current Month: -17.0% vs. 1 yr. Earlier: -3.3% Nonresidential Construction Material Prices (Producer Price Index) By the Numbers: Current Month: 0.4% Nonresidential Construction Spending (U.S. Census Bureau) Construction Backlog Indicator (Associated Builders & Contractors/4th Quarter 2014) 8.7 vs. 1 yr. Earlier: 8.3 Construction Owner Confidence Index (Associated Builders & Contractors/1st Half of 2014) Readings above 50 indicate growth SALES EXPECTATIONS rose from 63.2 to 68.2 PROFIT MARGIN EXPECTATIONS expanded from 57.5 to 60.0 STAFFING LEVEL INTENTIONS moved higher from 62.2 to 65.0 Year-over-year change: -4.9% January 2015: -2.0% Year-over-year change: 4.8% vs. vs.
  • 2. February 2015 at a Glance Readings above 50 indicate growth, while readings below 50 are unfavorable. 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. 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. Rates as of mid month. 1 2 3 4 1 2 3 4 3rd Qtr. 4th Qtr. 1st 1/2 ‘14 Construction Backlog Indicator (Months) Current Backlog Backlog from a year ago Construction Owner Confidence Index Sales Expectations Profit Margin Expectations Staffing Level Intentions National Unemployment Rate Overall current month Overall year-over-year Construction current month Construction year-over-year Arizona Unemployment Rate Overall current month California Unemployment Rate Overall current month Nevada Unemployment Rate Overall current month National Housing Permits and Starts Permits - Total Permits - Total from twelve months earlier 1 - Family - change from previous month 1 - Family - change year-over-year 5 + Units - change from previous month 5 + Units - change year-over-year Starts - Total Starts - Total from twelve months earlier 1 - Family - change from previous month 1 - Family - change year-over-year 5 + Units - change from previous month 5 + Units - change year-over-year West Housing Permits and Starts Permits - Total Permits - Total from twelve months earlier 1 - Family - change from previous month 1 - Family - change year-over-year Starts - Total Starts - Total from twelve months earlier 1 - Family - change from previous month 1 - Family - change year-over-year Nonresidential Construction Material Prices Current Month Change year-over-year Nonresidential Construction Spending Previous Month Change year-over-year AIA - Architecture Billing Index Dodge Momentum Index - Commercial Building Interest Rates I-Month LIBOR WSJ Prime Rate 5 Year US Treasury Rate 10 Year US Treasury Rate Oct. ‘14 8.8 8.2 68.2 60.0 65.0 5.8% 7.2% 6.4% 9.0% 6.6% 7.2% 7.2% 4.8% 1.2% 1.4% 2.4% 8.0% -1.5% -2.8% 7.8% 4.2% 15.4% -15.5% -6.8% -21.6% -17.6% 2.3% -3.6% -10.9% -0.5% 2.7% -16.9% -1.1% 0.5% -1.0% 4.2% 53.7 130.2 0.1535% 3.25% 1.66% 2.63% Nov. ‘14 5.8% 7.0% 7.5% 8.6% 6.6% 7.2% 7.1% -5.2% -0.2% -1.2% -0.9% -11.1% 0.5% -1.6% -7.0% -5.4% -4.6% 7.6% -11.9% -5.6% 6.3% 6.8% 4.4% 28.1% 24.1% -5.2% -7.6% -1.1% -0.6% 1.0% 4.3% 50.9 132.6 0.1548% 3.25% 1.55% 2.12% Dec. ‘14 5.6% 6.7% 8.3% 11.4% 6.6% 7.1% 7.0% -1.9% 1.0% 4.5% 8.1% -12.4% -9.9% 4.4% 5.3% 7.2% 7.9% -4.2% 0.3% -20.5% -17.9% 7.0% 4.1% 5.8% 3.5% 15.8% 21.6% -1.7% -1.9% -1.0% 4.0% 52.2 138.0 0.1635% 3.25% 1.28% 1.76% Jan. ‘15 8.7 8.3 5.7% 6.6% 9.8% 12.3% 6.6% 7.0% 7.1% -0.7% 8.1% -3.1% 5.8% 3.3% 13.8% -2.0% 18.7% -6.7% 16.3% 12.1% 24.5% 16.8% 26.4% -6.7% -2.8% -3.4% 21.7% -3.0% 5.3% -2.1% -4.6% 0.4% 5.9% 49.9 134.3 0.1682% 3.25% 1.48% 2.00% The information within this table has been compiled from multiple data sources, including the Associated Builders & Contractors, the U.S. Census Bureau, the Department of Housing and Urban Development (HUD), and the Producer Price Index. This information does not purport to be complete or all inclusive. For more information, please visit each source site. Feb. ‘15 5.5% 6.7% 10.6% 12.8% 6.5% 6.7% 7.1% 3.0% 7.7% -6.2% 2.8% 19.9% 15.0% -17.0% -3.3% -14.9% 0.7% -21.6% -9.50% 2.2% 16.3% 5.6% 13.6% -18.2% 10.1% -9.1% 10.4% 0.4% -4.9% -2.0% 4.8% 50.4 138.0 0.1721% 3.25% 1.41% 1.93%