End Market Tracker & Forecaster
| Average Annual % Change |
| |
10 Years |
5 Years |
3 Years |
| Housing Starts |
4.4 |
5.7 |
6.7 |
Construction
Return to Extrusion
Business Index
 Total U.S. housing starts are forecast to decline another 22% in 2008 after a precipitous drop of 25% in 2007.
The monthly housing starts total plummeted 28% in June when compared with the same month a year earlier. This followed a 33% drop in the previous month.
 Residential construction activity will remain at low levels through most of 2008, and the data will not resume a sustained uptrend until 2009.
Total U.S. construction spending (residential combined with non-residential) declined 6% in June when compared with the same month from last year.
An 11% rise in total nonresidential spending was mitigated by a 26% drop in total residential spending in June.
| Construction Data |
|
|
| |
| Latest |
Previous |
Year |
YTD% |
Annual % Change |
| |
Month |
Month |
Ago |
Change |
2006 |
2007 |
2008 |
| U.S. Housing Starts (1) 000's of units |
99.7 |
91.2 |
137.8 |
-30.0 |
-12.9 |
-24.7 |
-22.0 |
| Total U.S. Construction Spending (2) bils of $ |
98.2 |
93.2 |
104.9 |
-5.4 |
4.8 |
-2.6 |
-5.0 |
| Private Nonresidential Spending (2) bils of $ |
35.1 |
34.0 |
30.8 |
18.3 |
16.3 |
18.3 |
13.0 |
| Public Construction Spending (2) bils of $ |
28.0 |
25.7 |
26.7 |
7.0 |
10.1 |
12.6 |
5.0 |
(1) Latest Data = June 2008
(2) Latest Data = June 2008 |
Data Source: U.S. Commerce Department
Forecast: Mountaintop Economics & Research, Inc.
|
