Construction

New Construction Put-in-Place ($ billions, SAAR)

Oct '121 Sep '122 Mo. % Change Oct '11 YTY % Change
Total Construction 872.1 1.4 860.4 795.7 9.6
Total Private Construction1 592.1 1.6 582.7 512.8 15.5
Residential 294.2 3 285.7 243.7 20.8
New single family 141.3 3.6 136.4 109.5 29
New multi-family 23.8 6.2 22.4 15.6 53.2
Lodging 11.0 3.5 10.6 8.2 33.9
Office 27.1 0.1 27.0 23.0 17.6
Commercial 45.0 1.2 44.5 41.1 9.5
Health care 28.5 -1.1 28.8 28.6 -0.3
Educational 17.6 3.2 17.1 14.8 18.5
Religious 3.8 2.5 3.7 4.0 -3.6
Amusement and recreation 6.9 -1 7.0 7.4 -6.6
Transportation 12.3 3.9 11.8 10.3 19.5
Communication 16.5 -6.5 17.6 17.0 -3
Power 80.6 1.6 79.3 67.8 18.8
Electric 67.1 1.5 66.2 57.0 17.8
Manufacturing 47.0 -2.5 48.3 45.4 3.6
Public construction ($ billions)2 280.1 0.8 277.7 282.9 -1
Residential 6.6 1.9 6.5 8.3 -20.9
Office 10.0 4.4 9.6 11.9 -16.1
Commercial 3.3 9.9 3.0 3.6 -8.1
Health care 11.8 9.5 10.8 10.2 15.7
Educational 69.3 0.9 68.6 71.3 -2.8
Public safety 10.2 0.5 10.1 10.0 1.3
Amusement and recreation 9.8 1.5 9.7 8.7 13.5
Transportation 29.1 5.8 27.5 23.9 22
Power 11.4 1.8 11.2 9.3 22.5
Highway and street 76.7 -2.4 78.6 80.8 -5
Sewage and waste disposal 20.7 -2.2 21.2 21.8 -4.9
Water supply 13.2 3.7 12.7 14.0 -6
Conservation and development 6.4 -2.1 6.6 7.4 -13.6
Housing starts (SAAR) Oct '121 Sep '112 Mo. % Change Oct '11 YTY % Change
Total (thousands of units) 894 863 3.6% 630 41.9%
Single-family (thousands of units) 594 595 -0.2% 439 35.3%
Multi-family (thousands) 285 259 10% 175 62.9%

Employment Wage & Price Statistics

Mo. Latest Month Mo. % Change Year ago YTY % Change
Employment, Electrical Contractors (thousands) SEP 737.7 -0.9 732.2 0.8
Hourly wage, Electrical Contractors ($) SEP 26.9 0.3 25.8 4
Copper prices (cents per pound) NOV 352.0 -5.4 348.2 1.1

Industrial Market

Mo. Latest Month Mo. % Change Year ago YTY % Change
Electrical Mfrs' Shipments ($ millions) SEP 3,032 -0.9 3,088 -1.8
Electrical Mfrs' Inventories ($ millions SA) SEP 4,549 -1.6 4,470 1.8
Electrical Mfrs' Inventory-to-Shipments ratio SEP 1.5 -0.8 1.448 3.6
Electrical Mfrs' New Orders ($ millions SA) SEP 2,879 -6.0 3,068 -6.2
Machine Tool Orders ($ millions) SEP 545.07 26.9 536.6 1.6
Industrial Capacity Utilization (percent, SA) SEP 7.43 0 pts. 75.95 1.5 pts.
Purchasing Managers Index (percent) OCT 51.7 0.2 pts. 52.7 -1 pts.

Footnotes: 1 - preliminary; 2 - revised; 3 - includes residential improvements; Z - less than 0.005 percent; SA - seasonally adjusted; SAAR - seasonally adjusted annual rate. Sources: Construction Put-in-Place statistics - Department of Commerce; Housing starts - Department of Commerce's Census Bureau; Electrical contractor employment numbers and hourly wage - Department of Labor; Copper prices - Metals Week; Electrical manufacturers' shipment data - Department of Commerce; Machine Tool Orders - Association for Manufacturing Technology; Industrial Capacity Utilization - Federal Reserve Board; and Purchasing Managers Index - Institute for Supply Management.

Note: Additional economic data relevant to the electrical industry is available on a bi-weekly basis by subscribing to Electrical Marketing newsletter. For subscription information see www.electricalmarketing.com.