Landscape Contractor / Design Build Maintain

APR 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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Page 47 of 55

48 Plant Materials & Accessories LC DBM Marketplace I n f o r m a t i o n R e q u e s t # 2 0 6 I n f o r m a t i o n R e q u e s t # 1 0 1 I n f o r m a t i o n R e q u e s t # 2 4 1 ABI Slips but Remains Upbeat Residential, Nonresidential Starts Expand but Total Starts Decrease Single Family Home Builder Confidence Remains High The Architecture Billings Index stayed above 50 for the fifth month in a row, indicating that the majority of firms reported increased or stable billings, though at 52.0, it was off 2.7 points from the previous month. The multifamily ABI actu - ally grew to 56.6. Project inquiries and design con - tracts saw increases also. Led by a weak showing by public works and electric utilities/ gas plants (-23%), new construction starts were off 3% for the month, the second month in a row results have slid. Nonresidential starts saw a 5% gain, continuing a strengthening trend ac - cording to Dodge Data and Analytics, and residential starts grew by 1%. The year-to-year total posted a 2% increase. According to the National Association of Home Builders/ Wells Fargo Housing Market Index, optimism in the single- family housing market continues to be strong, since for the fourth consecutive month, it posted a level at or above 70, albeit one point off from the previous month. The NAHB attributes this strength to the robust labor market, rising incomes and improving economy that are heightening con - sumer demand for housing. I n f o r m a t i o n R e q u e s t # 2 6 4

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