Construction spending outlook slides from the Reed Construction Data spring webinar on April 18, 2014

2. Outlook for Construction
2
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
3-Month Moving Average, Year-over-Year % Change
Reed Total Starts
(3-Mo MA YoY)
Source: Reed Construction Data

3. Outlook for Construction
3
0
100
200
300
400
500
600
700
800
900
1,000
1,100
1,200
1,300
1,400
02 03 04 05 06 07 08 09 10 11 12 13 14 15
Residential Nonresidential Building Heavy Construction
$ Billions
History
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Forecast
Forecast: Construction to improve
Construction Spending and its Components

4. Outlook for Construction
4
-60
-50
-40
-30
-20
-10
0
10
20
30
40
50
60
3-Month Moving Average, Year-over-Year % Change
Reed Residential Starts
(3-Mo MA YoY)
Source: Reed Construction Data

5. Outlook for Construction
5
0
100
200
300
400
500
600
700
800
02 03 04 05 06 07 08 09 10 11 12 13 14 15
Improvements Single-family Multifamily
$ Billions
Residential Spending Components
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
History Forecast

6. Outlook for Construction
6
0
50
100
150
200
250
300
350
400
450
Single-Family Multifamily Improvements
$ Billions
2006 to 2013 ’14 ’15
Residential Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data

7. Outlook for Construction
7
Nonresidential
Building
Construction

8. Outlook for Construction
8
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
3-Month Moving Average, Year-over-Year % Change
Reed Nonresidential Starts
(3-Mo MA YoY)
Source: Reed Construction Data

9. Outlook for Construction
9
275 269
283
302
340
404
438
376
290
284
298 299
320
348
0
50
100
150
200
250
300
350
400
450
500
550
02 03 04 05 06 07 08 09 10 11 12 13 14 15
$ Billions
History
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Forecast
Nonresidential Construction Spending

10. Outlook for Construction
10
0
10
20
30
40
50
60
70
80
90
100
Hotel/Lodging Office Commercial
$ Billions
2006 to 2013 ’14 ’15
Nonresidential Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data

11. Outlook for Construction
11
0
10
20
30
40
50
60
70
80
90
100
110
Manufacturing Healthcare Education
$ Billions
2006 to 2013 ’14 ’15
Nonresidential Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data

12. Outlook for Construction
12
Number of Lodging Projects by State
Source: Reed Construction Data, Reed Intelligent Leads

13. Outlook for Construction
13
Number of Office Projects by State
Source: Reed Construction Data, Reed Intelligent Leads

14. Outlook for Construction
14
Number of Retail Projects by State
Source: Reed Construction Data, Reed Intelligent Leads

15. Outlook for Construction
15
Number of Health Care Projects by State
Source: Reed Construction Data, Reed Intelligent Leads

16. Outlook for Construction
16
Number of Education Projects by State
Source: Reed Construction Data, Reed Intelligent Leads

17. Outlook for Construction
17
Number of Industrial (Manufacturing)
Projects by State
Source: Reed Construction Data, Reed Intelligent Leads

18. Outlook for Construction
18
Heavy engineering

19. Outlook for Construction
19
Reed Heavy Engineering Starts
(3-Mo MA YoY)
Source: Reed Construction Data
-40
-30
-20
-10
0
10
20
30
40
50
60
3-Month Moving Average, Year-over-Year % Change

20. Outlook for Construction
20
171 171 169
185
208
248
272 274
265
251
272
263
280
304
0
50
100
150
200
250
300
350
400
02 03 04 05 06 07 08 09 10 11 12 13 14 15
$ Billions
History
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data
Forecast
Heavy Engineering Construction Spending

21. Outlook for Construction
21
0
10
20
30
40
50
60
70
80
90
100
110
120
Transportation Communication Power
$ Billions
2006 to 2013 ’14 ’15
Heavy Engineering Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data

22. Outlook for Construction
22
0
10
20
30
40
50
60
70
80
90
100
Highway Water and Sewer Conservation
$ Billions
2006 to 2013 ’14 ’15
Heavy Engineering Construction Spending
Source: History – U.S. Census Bureau; Forecast – Reed Construction Data

23. Outlook for Construction
23
Regional economic
performance

24. Outlook for Construction
24Source: Philadelphia Federal Reserve Bank

25. Outlook for Construction
25Source: Philadelphia Federal Reserve Bank

26. Outlook for Construction
26
Connect with Reed Construction Data
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 web
www.reedconstructiondata.com

27. Outlook for Construction
27
Contact Information and Links
Bernard M. Markstein
 Office: 301-588-5190
 Mobile: 404-952-3381
 b.markstein@reedbusiness.com
 U.S. Forecast and Commentary:
http://www.reedconstructiondata.com/market-
intelligence/articles/
 Blog:
http://www.reedconstructiondata.com/market-
intelligence/bernie-markstein/