The May CVS has arrived. Learn about all of the Construction trends from Unemployment to Starts and Permits during May.

1. Construction Vital Statistics
(Bureau of Labor Statistics)
Overall Construction
10.0
8.0
4.0
2.0
6.0
0
70.0
60.0
Sales
Expectations
Profit Margin
Expectations
Staffing Level
Intentions
50.0
40.0
(Associated Builders & Contractors/2nd Half of 2016)
Readings above 50 indicate growth
PreviousCurrent
Current 1 Yr. Earlier
CONTRACTOR
CONFIDENCE INDEX
UNEMPLOYMENT RATE
CONSTRUCTION
BACKLOG INDICATOR
HOUSING PERMITS
AND STARTS
BY THE NUMBERS
change in
Nonresidential
Material Prices
(Producer Price Index)
change in
Nonresidential
Spending
(U.S. Census Bureau)
(U.S. Census Bureau & Dept. of Housing and Urban Dev.)
change in
Total Permits
Previous
Year
Year Over
Year
Previous
Year
Year Over
Year
Previous
Month
Previous
Month
Previous
Month
Previous
Month
change in
Total Starts
(Associated Builders & Contractors/1st Quarter 2017)
Current 1 Yr. Earlier
$
4.3%
5.3%4.7% 5.2%
59.7
56.0
59.5
65.1
61.1
64.9
-8.0%-4.9% -2.4%-5.5%
9.0 8.6
3.1%0.0% -4.2%-3.4%
May 2017 at a Glance

2. 1-800-ASK-CBIZ | www.cbiz.com/constructionMHM (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.
May 2017 at a Glance
1. Readings 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 has 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 4th Qtr. ‘16 8.3 1st Qtr. ‘17 9.0
Backlog from a year ago 8.7 8.6
(Associated Builders & Contractors)
Construction Contractors Confidence Index1
Sales Expectations 2nd 1/2 ‘16 59.7
Profit Margin Expectations 56.0
Staffing Level Intentions 59.5
(Associated Builders & Contractors)
National Unemployment Rate
Overall current month 4.7% 4.8% 4.7% 4.5% 4.4% 4.3%
Overall from twelve months earlier 5.0% 4.9% 4.9% 5.0% 5.0% 4.7%
Construction current month 7.4% 9.4% 8.8% 8.4% 6.3% 5.3%
Construction from twelve months earlier 7.5% 8.5% 8.7% 8.7% 6.0% 5.2%
(Bureau of Labor Statistics - BLS)
Housing Permits and Starts
National
Permits - Total -0.2% 4.6% -6.2% 3.6% -2.5% -4.9%
Permits - Total from twelve months earlier 0.7% 8.2% 4.4% 10.7% 5.7% -8.0%
1 - Family - change from previous month 4.7% -2.7% 3.1% -1.1% -4.5% -1.9%
1 - Family - change year over year 10.7% 11.1% 13.5% 13.5% 6.2% 6.0%
5 + Units - change from previous month -10.1% 23.5% -26.9% 18.3% 1.5% -10.1%
5 + Units - change year over year -17.1% 4.7% -15.7% 26.1% 4.1% -13.1%
Starts - Total 11.3% -2.6% 3.0% -6.8% -2.6% -5.5%
Starts - Total from twelve months earlier 5.7% 10.5% 6.2% 9.2% 0.7% -2.4%
1 - Family - change from previous month -4.0% 1.9% 6.5% -6.2% 0.4% -3.9%
1 - Family - change year over year 3.9% 6.2% 3.2% 9.3% 8.9% 8.5%
5 + Units - change from previous month 53.9% -7.9% -7.7% -6.1% -9.6% -9.8%
5 + Units - change year over year 10.3% 25.7% 11.2% 9.1% -14.6% -25.7%
(U.S. Census Bureau & Dept. of Housing and Urban Dev.)
Nonresidential Construction Material Prices
Current Month 0.6% 1.0% 0.1% 0.4% 0.7% 0.0%
Change year over year 2.2% 3.8% 4.7% 4.4% 4.2% 3.1%
(Producer Price Index - PPI)
Nonresidential Construction Spending
Previous Month 0.8% -0.7% -1.9% 2.2% -1.2% -3.4%
Change year over year 4.9% 4.6% 1.5% 3.1% 1.0% -4.2%
(U.S. Census Bureau)
AIA - Architecture Billing Index2
55.9 49.5 50.7 54.3 50.9 53.0
Dodge Momentum Index- Commercial Building3
155.1 152.7 151.1 145.4 145.9 152.9
Interest Rates4
I-Month LIBOR 0.7164% 0.7714% 0.7767% 0.9286% 0.9909% 1.0122%
WSJ Prime Rate 3.75% 3.75% 3.75% 4.00% 4.00% 4.00%
5 Year US Treasury Rate 1.90% 1.84% 2.01% 2.02% 1.79% 1.86%
10 Year US Treasury Rate 2.40% 2.33% 2.51% 2.51% 2.26% 2.34%
Dec. ‘16 Jan. ‘17 Feb. ‘17 Mar. ‘17 Apr. ‘17 May ‘17