reed spring econ webcast apr 2014_markstein_part 2
DESCRIPTION
Construction spending outlook slides from the Reed Construction Data spring webinar on April 18, 2014TRANSCRIPT
Outlook for Construction
2
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
303-Month Moving Average, Year-over-Year % Change
Reed Total Starts (3-Mo MA YoY)
Source: Reed Construction Data
Outlook for Construction
3
0
100
200
300
400
500
600
700
800
900
1,000
1,100
1,200
1,300
1,400
02 03 04 05 06 07 08 09 10 11 12 13 14 15
Residential Nonresidential Building Heavy Construction
$ Billions
History
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Forecast
Forecast: Construction to improve Construction Spending and its Components
Outlook for Construction
4
-60
-50
-40
-30
-20
-10
0
10
20
30
40
50
603-Month Moving Average, Year-over-Year % Change
Reed Residential Starts (3-Mo MA YoY)
Source: Reed Construction Data
Outlook for Construction
5
0
100
200
300
400
500
600
700
800
02 03 04 05 06 07 08 09 10 11 12 13 14 15
Improvements Single-family Multifamily
$ Billions
Residential Spending Components
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
History Forecast
Outlook for Construction
6
0
50
100
150
200
250
300
350
400
450
Single-Family Multifamily Improvements
$ Billions
2006 to 2013 ’14 ’15
Residential Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Outlook for Construction
7
Nonresidential
Building
Construction
Outlook for Construction
8
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
303-Month Moving Average, Year-over-Year % Change
Reed Nonresidential Starts (3-Mo MA YoY)
Source: Reed Construction Data
Outlook for Construction
9
275 269 283
302
340
404
438
376
290 284
298 299
320
348
0
50
100
150
200
250
300
350
400
450
500
550
02 03 04 05 06 07 08 09 10 11 12 13 14 15
$ Billions
History
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Forecast
Nonresidential Construction Spending
Outlook for Construction
10
0
10
20
30
40
50
60
70
80
90
100
Hotel/Lodging Office Commercial
$ Billions
2006 to 2013 ’14 ’15
Nonresidential Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Outlook for Construction
11
0
10
20
30
40
50
60
70
80
90
100
110
Manufacturing Healthcare Education
$ Billions
2006 to 2013 ’14 ’15
Nonresidential Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Outlook for Construction
12
Number of Lodging Projects by State
Source: Reed Construction Data, Reed Intelligent Leads
Outlook for Construction
13
Number of Office Projects by State
Source: Reed Construction Data, Reed Intelligent Leads
Outlook for Construction
14
Number of Retail Projects by State
Source: Reed Construction Data, Reed Intelligent Leads
Outlook for Construction
15
Number of Health Care Projects by State
Source: Reed Construction Data, Reed Intelligent Leads
Outlook for Construction
16
Number of Education Projects by State
Source: Reed Construction Data, Reed Intelligent Leads
Outlook for Construction
17
Number of Industrial (Manufacturing)
Projects by State
Source: Reed Construction Data, Reed Intelligent Leads
Outlook for Construction
18
Heavy engineering
Outlook for Construction
19
Reed Heavy Engineering Starts (3-Mo MA YoY)
Source: Reed Construction Data
-40
-30
-20
-10
0
10
20
30
40
50
603-Month Moving Average, Year-over-Year % Change
Outlook for Construction
20
171 171 169
185
208
248
272 274 265
251
272 263
280
304
0
50
100
150
200
250
300
350
400
02 03 04 05 06 07 08 09 10 11 12 13 14 15
$ Billions
History
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Forecast
Heavy Engineering Construction Spending
Outlook for Construction
21
0
10
20
30
40
50
60
70
80
90
100
110
120
Transportation Communication Power
$ Billions
2006 to 2013 ’14 ’15
Heavy Engineering Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Outlook for Construction
22
0
10
20
30
40
50
60
70
80
90
100
Highway Water and Sewer Conservation
$ Billions
2006 to 2013 ’14 ’15
Heavy Engineering Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Outlook for Construction
23
Regional economic
performance
Outlook for Construction
24 Source: Philadelphia Federal Reserve Bank
Outlook for Construction
25 Source: Philadelphia Federal Reserve Bank
Outlook for Construction
26
Connect with Reed Construction Data
Twitter twitter.com/Bmarkstein
Twitter twitter.com/ReedConstrData
Facebook www.facebook.com/Reed-Construction-Data
LinkedIn www.linkedin.com/company/reed-construction-data
web www.reedconstructiondata.com
Outlook for Construction
27
Contact Information and Links
Bernard M. Markstein
Office: 301-588-5190
Mobile: 404-952-3381
U.S. Forecast and Commentary: http://www.reedconstructiondata.com/market-
intelligence/articles/
Blog: http://www.reedconstructiondata.com/market-
intelligence/bernie-markstein/