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Dealer Data June Construction Declines 10 Percent Pace of total construction starts returns to the lackluster activity reported at the outset of 2012. Monthly Construction Starts Seasonally Adjusted Annual Rates, In Millions $ July 2012 Nonresidential Building Residential Building Nonbuilding Construction TOTAL Construction Source: McGraw-Hill Construction New York, N.Y. – Aug. 21, 2012 – New construction starts fell 10 percent in July to a seasonally adjusted annual rate of $401.2 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. After showing improvement during the spring, the pace of construction starts retreated over the past three months, with July coming in at the lower end of the recent range of activity. Nonbuilding construction, comprised of public works and electric utilities, fell sharply in July, while both nonresidential building and housing lost some of their earlier momentum. For the first seven month of 2012, the volume of total construction starts on an unadjusted basis was reported at $262.9 billion, holding on to a 4 percent gain compared to the same period a year ago. $401,246 $445,096 $138,135 154,032 109,079 June 2012 $147,799 163,728 133,569 % Change -7 -6 -18 -10 Nonresidential Building Residential Building Nonbuilding Construction TOTAL Construction Source: McGraw-Hill Construction "The construction industry is still struggling to gain upward traction, as construction starts continue to exhibit an up-and- down-pattern, stated Robert McMurray, vice president of economic affairs for McGraw-Hill Construction. "The public works and institutional building sectors are still being adversely affected by the tough fiscal climate facing the federal, state, and local levels of government. Commercial building, which seemed to be in the very early stages of recovery, is seeing its faint upturn become more tenuous with the sluggish employment picture. The upward potential for housing in the near term is also being dampened by the persistently hesitant U.S. economy. Overall, the construction industry remains stuck for now in an extended process of turning the corner." See full story at www.cedmag.com. UCC filings on 12 earthmoving units. The Dirty Dozen Equipment Description Articulated Dump Trucks Crawler Dozers Crawler Loaders Excavators - Crawler, Hydraulic Excavators - Wheeled, Hydraulic Mini Excavators Motor Graders Scrapers - Conventional Skid-Steer Loaders Tractor Loader Backhoes Wheel Loaders < 80 HP Wheel Loaders > 80 HP Grand Total JUL 11 32 182 6 356 20 347 55 9 652 249 43 AUG 11 46 236 4 372 22 411 89 7 819 316 38 320 384 Supplied by Equipment Data Associates, Charlotte, N.C. SEP 11 34 194 5 381 21 OCT 11 43 236 5 367 22 433 448 108 8 107 5 825 280 44 393 NOV 11 41 289 4 388 25 DEC 11 54 313 3 554 44 393 506 90 4 322 68 351 82 100 6 JAN 12 50 279 6 564 35 646 102 5 869 1,205 1,457 1,198 329 46 342 442 573 542 387 55 FEB 12 35 159 5 286 14 386 79 3 MAR 12 44 213 4 418 21 458 88 729 808 222 43 292 345 APR 12 63 278 12 494 21 662 85 10 867 282 294 33 36 393 MAY 12 86 240 4 554 17 704 100 2 949 294 55 437 JUN 12 57 Grand Total 585 262 2,881 1 59 559 5,293 30 292 610 6,004 104 1,107 10 69 839 11,217 308 3,634 41 584 324 4,787 2,271 2,744 2,726 2,819 3,271 4,043 3,869 2,253 2,714 3,215 3,442 3,145 36,512 $262,905 $253,788 Year-To-Date Construction Starts Unadjusted Totals, In Millions $ 7 Mo. 2012 $82,521 88,777 91,607 7 Mo. 2011 $96,582 71,262 85,944 % Change -15 +25 +7 +4 64 | www.cedmag.com | Construction Equipment Distribution | October 2012