Issue link: http://read.dmtmag.com/i/96778
Dealer Data September Construction Jumps 16 Percent $4.8 billion liquefied natural gas plant in Louisiana gave September's nonbuilding starts a big lift. Monthly Construction Starts Seasonally Adjusted Annual Rates, In Millions $ September 2012 Nonresidential Building Residential Building Nonbuilding Construction TOTAL Construction August 2012 Year-To-Date Construction Starts Unadjusted Totals, In Millions $ % Change -5 $507,199 $436,674 +16 9 Mo. 2012 % Change $349,599 Nonresidential Building Residential Building Nonbuilding Construction TOTAL Construction 9 Mo. 2011 $333,813 +5 Source: McGraw-Hill Construction New York, N.Y. – October 17, 2012 – New construction starts in September climbed 16 percent to a seasonally adjusted annual rate of $507.2 billion, it was reported by McGraw-Hill Construction, a division of The McGraw-Hill Companies. The nonbuilding construction sector (public works and electric utilities) led the way, helped in particular by a massive natural gas plant and several very large electric utility projects. Meanwhile, nonresidential building retreated after its improved performance in August, and residential building eased back slightly. Through the first nine months of 2012, total construction starts on an unadjusted basis came in at $349.6 billion, up 5 percent compared to the same period a year ago. "If electric utilities and gas plants are excluded, the level of construction starts in 2012 would be up 2 percent year-to-date, helped by this year's further growth for multifamily housing and the emerging recovery for single-family housing," stated Robert A. Murray, vice president of economic affairs for McGraw-Hill Construction. "As for the other construction sectors, commercial building has shown some strengthening during 2012 – while its dollar amount has grown less than 1 percent yearto-date, square footage is up 16 percent. However, decreased activity continues to be reported in 2012 for institutional building, manufacturing plants, and public works. Going into 2013, it's not expected that electric utilities will be able to maintain the record pace witnessed in 2011 and 2012, and tight government budgets will restrain the institutional building and public works sectors. It will be up to housing and commercial building to provide upward momentum, and the impending "fiscal cliff" makes continued growth for these sectors less certain." The Dirty Dozen Equipment Description SEP 11 OCT 11 NOV 11 DEC 11 JAN 12 FEB 12 MAR 12 APR 12 MAY 12 JUN 12 JUL 12 AUG 12 Grand Total 34 43 41 54 50 35 44 63 86 58 48 102 658 194 236 289 313 279 159 213 278 247 269 240 253 2,970 5 5 4 3 6 5 4 12 4 1 4 3 56 381 367 388 554 564 286 418 494 563 568 471 552 5,606 21 22 25 44 35 14 21 21 17 31 19 35 305 Mini Excavators 433 448 393 506 646 386 458 662 714 635 554 616 6,451 Motor Graders 108 107 90 100 102 79 88 85 105 108 95 78 1,145 Articulated Dump Trucks Crawler Dozers Crawler Loaders Excavators - Crawler, Hydraulic Excavators - Wheeled, Hydraulic 8 5 4 6 5 3 10 3 13 4 8 69 Skid-Steer Loaders 825 869 1,205 1,457 1,198 729 808 867 976 868 826 807 11,435 Tractor Loader Backhoes 280 329 322 351 387 222 282 294 300 326 295 348 3,736 44 46 68 82 55 43 33 36 56 43 38 38 582 432 4,911 Scrapers - Conventional Wheel Loaders < 80 HP Wheel Loaders > 80 HP Grand Total 393 2,726 292 345 393 2,819 3,271 4,043 3,869 2,253 342 442 573 2,714 3,215 Supplied by Equipment Data Associates, Charlotte, N.C. 72 | www.cedmag.com | Construction Equipment Distribution | December 2012 542 447 348 3,518 3,268 362 2,956 3,272 37,924