Marcum Commercial Construction Index - Issue 20

Second Quarter 2017 Performance

Values 2017Q1

% Change from

Gross Domestic Product

2017Q2 1

2016Q4

Overall Real GDP

2.6% 4.9%

1.2%

1.8%

NA NA

NA NA

Nonresidential Fixed Investment in Structures

14.8%

-2.2%

Construction Spending, Seasonally Adjusted (in $millions)

June-17

May-17

June-16

May-17

June-16

Total Construction

$1,205,788 $1,221,609 $1,186,402

-1.3% -0.3% -2.0% -0.1% -1.2% -0.2% -4.3% -1.7% -6.5% -1.2% -2.1% -1.2% -6.4% -2.4% -3.7% -7.3% -1.8% 0.1% 0.7% 0.1% -0.1% 0.1% 0.0% 0.1% 0.20% 0.19% 0.00% 0.09% 0.10% 0.28% 0.10% 0.09% 1.9% 2.8% May-17 June-17

1.6% 9.0% -3.1% -0.2% 11.0% 13.0% -6.1% -8.1% -4.0% -0.7% -8.7% 2.8%

Residential

$508,795 $696,993 $27,923 $72,974 $84,980 $39,516 $86,767 $3,360 $7,624 $23,436 $41,342 $22,365 $99,090 $82,727 $18,487 $11,321

$510,232 $711,377 $27,962 $71,584 $86,046 $39,592 $90,693 $3,419 $8,157 $23,713 $42,235 $21,753 $100,262 $88,425 $18,950 $11,755

$466,870 $719,533 $27,966 $65,765 $75,188 $38,422 $92,420 $3,657 $7,941 $23,603 $45,261 $21,314 $110,021 $90,009 $22,228 $13,547

Nonresidential

Lodging

Office

Commercial Health care Educational

Religious

Public safety

Amusement and recreation

Transportation

Communication

4.9%

Power

-9.9% -8.1%

Highway and street

Sewage and waste disposal

-16.8% -16.4% -20.6%

Water supply

Conservation and development

$6,529

$7,043

$8,219

Manufacturing

$68,554

$69,789 June-17 146,182

$73,973

-7.3%

Employment, Seasonally Adjusted (in thousands)

July-17

July-16

July-16

National Total Nonfarm

146,404

144,166

2.8% 4.9% 0.3% 2.9% 4.4% 1.7% 2.8%

Construction

6899.0

6893.0

6708.0

Residential building

767.2 762.1 973.4

762.1 761.7 974.6

731.2 759.7 945.8

Nonresidential building

Heavy and civil engineering construction Residential specialty trade contractors Nonresidential specialty trade contractors

1932.4 2463.4 June-17

1930.3 2464.3 May-17

1850.1 2421.1 June-16

Producer Price Index 2

June-16

Finished Goods (seasonally adjusted) Inputs to Construction Industries Nonresidential general contractors

196.8 215.5 104.9 105.4 105.2 106.1 103.6 106.1

196.4 215.1 104.9 105.3 105.1 105.8 103.5 106.0

192.5 210.0 103.2 104.2 104.6 104.6 102.6 104.6

2.23% 2.62% 1.65% 1.15% 0.57% 1.43% 0.97% 1.43%

New nonresidential building construction, National New nonresidential building construction, Northeast New nonresidential building construction, South New nonresidential building construction, Midwest New nonresidential building construction, West

Source: U.S. Bureau of Economic Analysis; U.S. Census Bureau; U.S. Bureau of Labor Statistics

[1] Advance (1st) Estimate. [2] The Producer Price Index (PPI) program measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services. All figures are in- dexed from a base year, that base year being different for each individual index.

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