Landscape Contractor / Design Build Maintain

JAN 2016

LC/DBM provides landscape contractors with Educational, Imaginative and Practical information about their business, their employees, their machines and their projects.

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10 LC DBM I n f o r m a t i o n R e q u e s t # 4 2 9 The Architecture Billings Index for November dropped below its benchmark level of 50, which refects a decrease in architecture services, down to 49.3, from its October mark of 53.1. However, this was only the fourth time in 19 months that it dipped into what is considered negative territory. The construction industry is expected to add 790,400 jobs from 2014-2024. That amount would be fourth best among major industries, and would rank second in percentage gains with an annual growth rate of 1.2 percent. A recent study by the Associated Builders and Contractors evaluated how business friendly each state is to the construction industry. The Merit Shop Scorecard graded states for their prevailing wage and right-to-work policies, construction job growth rate, use of public- private partnerships and other criteria. Arizona scored the highest, followed by Louisiana, Virginia, North Dakota and North Carolina. At the low end, in order, were Minnesota, D.C., Pennsylvania, Rhode Island, Illinois, New Jersey, New York and Alaska, with New Mexico placing last. New Orleans-area contractors recently voiced their concerns about a new law that impels them to agree to a minimum percentage of local hires on city jobs worth more than $150,000. That minimum starts at 30 percent this year and rises to 50 percent by 2020. The local Offce of Workforce Development assured them that the law was made to be fexible to accommodate suggestions. A decline of more than 10 percent in commercial projects caused the Dodge Data and Analytics' Momentum Index to fall 3.7 percent in November; from 124.5 to 119.9. The DMI gauges initial reports of nonresidential projects in planning. Construction industry employment grew signifcantly in November, mainly because of a healthy gain in the residential specialty contractor feld. Homebuilders and remodelers added 32,100 jobs for the month. SOURCES: U.S. CENSUS BUREAU; NATIONAL ASSOCIATION OF HOME BUILDERS TOPStories NATIONAL Numbers Architecture Billing Index (ABI): 49.3, down from 53.1 in October Groundwork (October-to-November) New projects inquiry index: 58.6, up from 58.5 in October SOURCE: AMERICAN INSTITUTE OF ARCHITECTS Construction (October-to-November) Month-over-Month (national percentages in parenthesis) Year-to-Year (national percentages in parenthesis) (October-to-November) (October-to-November) (Year-to-Year) PERMITS STARTS COMPLETIONS Single-family: +1.1% Multi-family: +30.8% Combined total: +11.0% Single-family: +7.6% Multi-family: +18.1% Combined total: +10.5% Single-family: +0.3% Multi-family: -10.0% Combined total: -3.2% Single-family: +9.0% Multi-family: +38.9% Combined total: +19.5% SOURCE: U.S. CENSUS BUREAU (Year-to-Year) Single-family: +14.6% Multi-family: +21.3% Combined total: +16.5% SOURCE: U.S. CENSUS BUREAU (Year-to-Year) Single-family: +3.8% Multi-family: +25.4% Combined total: +9.2% SOURCE: U.S. CENSUS BUREAU Home Sales REGIONALReport EXISTING HOMES NEW HOMES -10.5% from October 2015 -3.8% from November 2014 SOURCE: NATIONAL ASSOCIATION OF REALTORS +4.3 percent from October 2015 +9.1 percent from November 2014 SOURCE: U.S. CENSUS BUREAU Anomalies ETC. COMBINED STARTS (+10.5) COMBINED RESIDENTIAL COMPLETIONS (-3.2) SINGLE-FAMILY BUILDING PERMITS (+9.0) COMBINED BUILDING PERMITS (+19.6) COMBINED COMPLETIONS (+9.2%) COMBINED STARTS (+16.5) Northeast: -8.5% Midwest: -39.4% Northeast: -11.5% Midwest: +47.6% Northeast: -3.0% Northeast: +98.1% Midwest: -28.8% South: +35.5% Economic News

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