Equipment World Digital Magazine
Issue link: http://read.dmtmag.com/i/933470
2017 by the numbers Annualized construction put in place in millions (as of September) Type 2017 2016 % change Total construction: $1,219,544 1,195,640 down 2% Residential: $521,445 476, 373 up 9% Nonresidential: $698,100 719,267 down 3% Caterpillar John Deere Cummins Kubota Komatsu Jan. 3 $ 94 Jan. 3 $ 104 Jan. 3 $ 140 Jan. 3 $ 71 Jan. 3 $ 23 48 % up13.7 % 43 % 17 % 32 % 35 % Nov. 28 $ 139 Nov. 28 $ 149 Nov. 28 $ 164 Nov. 28 $ 94 Nov. 28 $ 31 increase increase increase increase increase T he market for new homes was on fi re last year, with starts up more than 13 percent. Likewise the stocks of OEMs that primarily make heavy equipment and engines, with most experiencing double-digit gains. Overall, however, the construction market was tepid with slight declines in nonresidential construction pulling down the numbers by about 2 percent. Here are the breakouts: 2017 was a great year to own construction equipment stocks. While we don't have full year results in yet, here is an 11-month summary of individual share prices from a select group of companies. OEM stock prices 2017 Housing starts (annualized)* Regional housing starts South: 621,000 up 17% Midwest: 212,000 up 18% Northeast: 145,000 up 42% West: 145,000 down 3.7% National: 1,290,000 EquipmentWorld.com | January 2018 19 MARCH Deere dealers to offer Kespry's automated construction drone service FEBRUARY Dealer Titan Machinery restructures, closes several stores FEBRUARY JCB enters aerial lift market Data and more data The big story in the heavy equipment industry continues to be all about data. Specifi cally, the data coming off your machine's telematics and how that data can become a key part of your overall jobsite management picture, not to men- tion a manufacturer's profi t statement. Cat, for one, has been direct about its in- tentions on this front. "Instead of Cat being a brand on the jobsite, we're pushing to make it the jobsite brand," said Cat's Paolo Fellin at ConExpo. Our feet are still hurting ConExpo, the industry's every- third-year extravaganza, featured an all new Tech Experience with a showstopper 3D-printed compact excavator. Show stats refl ected sunny skies and moods: 128,000 attendees, plus a record-breaking 2,800 exhibi- tors and 2.8 million net square feet of exhibits. } } * Source: U.S. Dept. of Labor