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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/2nd Quarter 2016)
(Associated Builders & Contractors/1st Half of 2016)
Readings above 50 indicate growth
NonresidentialConstructionMaterialPrices
NonresidentialConstructionSpending
Overall
Current Month
SALES EXPECTATIONS
TOTAL PERMITS TOTAL STARTS
PROFIT MARGIN
EXPECTATIONS
STAFFING LEVEL
INTENTIONS
1 yr. Earlier
Construction
Construction Vital Statistics
fell from 67.0 to 65.1
fell from 62.8 to 61.1
climbed from 63.9 to 64.9
Current Month:
6.3% vs.
1 yr. Earlier: 8.5%
Current Month:
-9.0% vs.
1 yr. Earlier: -11.9%
8.5 vs. 1 yr. Earlier: 8.5
September 2016
at a Glance
Current Month: 0.3% Year-over-year change: 0.2%
July 2016: -1.1% Year-over-year change: -1.3%
5.0% 5.1% 5.2% 5.5%
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 		 8.6			 8.5
Backlog from a year ago		 8.4			 8.5
(Associated Builders & Contractors)	
Construction Owner Confidence Index1
Sales Expectations	 67.0					65.1
Profit Margin Expectations	 62.8					 61.1
Staffing Level Intentions	 63.9					 64.9
(Associated Builders & Contractors)
National Unemployment Rate
Overall current month	 5.0%	 4.7%	 4.9%	 4.9%	 4.9%	 5.0%
Overall from twelve months earlier	 5.4%	 5.5%	 5.3%	 5.3%	 5.1%	 5.1%
Construction current month	 6.0%	 5.2%	 4.6%	 4.5%	 5.1%	 5.2%
Construction from twelve months earlier	 7.5%	 6.7%	 6.3%	 5.5%	 6.1%	 5.5%
(Bureau of Labor Statistics - BLS)	
Housing Permits and Starts	
National	
Permits - Total	 3.6%	 0.7%	 1.5%	 -0.1%	 -0.4%	 6.3%
Permits - Total from twelve months earlier	 -5.3%	 -10.1%	 -13.6%	 0.9%	 -2.3%	 8.5%
1 - Family - change from previous month	 1.5%	 -2.0%	 1.0%	 -3.7%	 3.7%	 0.4%
1 - Family - change year over year	 8.4%	 4.8%	 5.1%	 2.4%	 3.8%	 4.4%
5 + Units - change from previous month 	 9.4%	 6.7%	 1.9%	 6.5%	 -8.4%	 17.2%
5 + Units - change year over year	 -25.3%	 -29.3%	 -35.8%	 -1.7%	 -13.1%	 17.2%
Starts - Total	 6.6%	 -0.3%	 4.8%	 2.1%	 -5.8%	 -9.0%
Starts - Total from twelve months earlier	 -1.7%	 9.5%	 -2.0%	 5.6%	 0.9%	 -11.9%
1 - Family - change from previous month	 3.3%	 0.3%	 4.4%	 0.5%	 -6.0%	 8.1%
1 - Family - change year over year	 4.3%	 10.1%	 13.4%	 1.3%	 -1.2%	 5.4%
5 + Units - change from previous month	 10.7%	 1.3%	 1.6%	 8.3%	 -6.9%	 -38.9%
5 + Units - change year over year	 -12.9%	 10.0%	 -23.6%	 15.2%	 2.3%	 -42.5%
(U.S. Census Bureau & Dept. of Housing and Urban Dev.)	
Nonresidential Construction Material Prices
Current Month 	 0.5%	 0.9%	 1.2%	 1.2%	 -0.2%	 0.3%
Change year over year	 -3.1%	 -3.5%	 -2.6%	 -2.3%	 -1.7%	 0.2%
(Producer Price Index - PPI)
Nonresidential Construction Spending
Previous Month 	 -0.4%	 -2.1%	 -1.3%	 -1.0%	 -0.3%	 -1.1%
Change year over year	 8.3%	 2.5%	 1.2%	 -1.1%	 1.4%	 -1.3%
(U.S. Census Bureau)
AIA - Architecture Billing Index2
	 50.6	53.1	52.6	51.5	49.7	48.4
Dodge Momentum Index - Commercial Building3
	 123.4	133.4	142.9	143.5	140.6	135.5
Interest Rates4
I-Month LIBOR	 0.4374%	 0.4426%	 0.4527%	 0.4829%	 0.5128%	 0.5270%
WSJ Prime Rate 	 3.50%	 3.50%	 3.50%	 3.50%	 3.50%	 3.50%
5 Year US Treasury Rate	 1.26%	 1.10%	 1.15%	 1.14%	 1.20%	 1.26%
10 Year US Treasury Rate	 1.75%	 1.60%	 1.60%	 1.55%	 1.71%	 1.77%
Apr. ‘16	 May. ‘16	 Jun. ‘16	 Jul. ‘16	 Aug. ‘16	 Sept. ‘16
1st Qtr. ‘16
September 2016 at a Glance
2nd Qtr. ‘16
2nd 1/2 ‘15 1st 1/2 ‘16

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Construction Vital Statistics - September 2016

  • 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/2nd Quarter 2016) (Associated Builders & Contractors/1st Half of 2016) Readings above 50 indicate growth NonresidentialConstructionMaterialPrices NonresidentialConstructionSpending Overall Current Month SALES EXPECTATIONS TOTAL PERMITS TOTAL STARTS PROFIT MARGIN EXPECTATIONS STAFFING LEVEL INTENTIONS 1 yr. Earlier Construction Construction Vital Statistics fell from 67.0 to 65.1 fell from 62.8 to 61.1 climbed from 63.9 to 64.9 Current Month: 6.3% vs. 1 yr. Earlier: 8.5% Current Month: -9.0% vs. 1 yr. Earlier: -11.9% 8.5 vs. 1 yr. Earlier: 8.5 September 2016 at a Glance Current Month: 0.3% Year-over-year change: 0.2% July 2016: -1.1% Year-over-year change: -1.3% 5.0% 5.1% 5.2% 5.5%
  • 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 8.6 8.5 Backlog from a year ago 8.4 8.5 (Associated Builders & Contractors) Construction Owner Confidence Index1 Sales Expectations 67.0 65.1 Profit Margin Expectations 62.8 61.1 Staffing Level Intentions 63.9 64.9 (Associated Builders & Contractors) National Unemployment Rate Overall current month 5.0% 4.7% 4.9% 4.9% 4.9% 5.0% Overall from twelve months earlier 5.4% 5.5% 5.3% 5.3% 5.1% 5.1% Construction current month 6.0% 5.2% 4.6% 4.5% 5.1% 5.2% Construction from twelve months earlier 7.5% 6.7% 6.3% 5.5% 6.1% 5.5% (Bureau of Labor Statistics - BLS) Housing Permits and Starts National Permits - Total 3.6% 0.7% 1.5% -0.1% -0.4% 6.3% Permits - Total from twelve months earlier -5.3% -10.1% -13.6% 0.9% -2.3% 8.5% 1 - Family - change from previous month 1.5% -2.0% 1.0% -3.7% 3.7% 0.4% 1 - Family - change year over year 8.4% 4.8% 5.1% 2.4% 3.8% 4.4% 5 + Units - change from previous month 9.4% 6.7% 1.9% 6.5% -8.4% 17.2% 5 + Units - change year over year -25.3% -29.3% -35.8% -1.7% -13.1% 17.2% Starts - Total 6.6% -0.3% 4.8% 2.1% -5.8% -9.0% Starts - Total from twelve months earlier -1.7% 9.5% -2.0% 5.6% 0.9% -11.9% 1 - Family - change from previous month 3.3% 0.3% 4.4% 0.5% -6.0% 8.1% 1 - Family - change year over year 4.3% 10.1% 13.4% 1.3% -1.2% 5.4% 5 + Units - change from previous month 10.7% 1.3% 1.6% 8.3% -6.9% -38.9% 5 + Units - change year over year -12.9% 10.0% -23.6% 15.2% 2.3% -42.5% (U.S. Census Bureau & Dept. of Housing and Urban Dev.) Nonresidential Construction Material Prices Current Month 0.5% 0.9% 1.2% 1.2% -0.2% 0.3% Change year over year -3.1% -3.5% -2.6% -2.3% -1.7% 0.2% (Producer Price Index - PPI) Nonresidential Construction Spending Previous Month -0.4% -2.1% -1.3% -1.0% -0.3% -1.1% Change year over year 8.3% 2.5% 1.2% -1.1% 1.4% -1.3% (U.S. Census Bureau) AIA - Architecture Billing Index2 50.6 53.1 52.6 51.5 49.7 48.4 Dodge Momentum Index - Commercial Building3 123.4 133.4 142.9 143.5 140.6 135.5 Interest Rates4 I-Month LIBOR 0.4374% 0.4426% 0.4527% 0.4829% 0.5128% 0.5270% WSJ Prime Rate 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 5 Year US Treasury Rate 1.26% 1.10% 1.15% 1.14% 1.20% 1.26% 10 Year US Treasury Rate 1.75% 1.60% 1.60% 1.55% 1.71% 1.77% Apr. ‘16 May. ‘16 Jun. ‘16 Jul. ‘16 Aug. ‘16 Sept. ‘16 1st Qtr. ‘16 September 2016 at a Glance 2nd Qtr. ‘16 2nd 1/2 ‘15 1st 1/2 ‘16