Landscape Contractor / Design Build Maintain

FEB 2018

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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February 2018 13 I n f o r m a t i o n R e q u e s t # 5 0 3 Signs Point to a Strong 2018 As is typical when cold weather hits, residential starts in December were off month over month. The size of the drop, 8.2 percent, was also due to the big jump in starts in November because of unseason - ably warm weather and the post-hurricane bounce. With all the data in for 2017, starts for single-family homes were up 8.5 percent, which pegged the overall starts number at a 2.4 percent gain (lessened by multi - family's 9.8 percent loss). Buoyed by the continuing shortage in existing homes, the purchase of new homes was prevalent in 2017, pushing sales 8.3 percent higher than 2016. And the Wells Fargo Securities Economics Group stated this sector has an "optimis - tic outlook" for 2018. Monthly Housing Starts Pull Back But, Single- family Starts Up for the Year New Home Sales Post Yearly Gain With year-end numbers such as a 35 percent increase in construction jobs added, a record $1.257 trillion in construction spending (as of November) and record high contractor sentiment scores, economists are predicting the coming year will continue the construc - tion industry's solid growth cycle. The most recent Wells Fargo/Gallup Small Business Index reached a solid score of 107, bolstered by a 5-point gain in the assess - ment of "future conditions" for the com- ing year, which hit its highest mark since December 2006. Opinions on the "cur - rent condition" stayed about the same. Small Business Owners Positive

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