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Analyze This, July 2010

Aug 23, 2010 2:54 PM

-4.2%

Percentage decline in state tax revenues for the fourth quarter of 2009 compared to the same quarter a year earlier (and an 8.6% decline from the same period two years earlier) — a trend that is not good news for state funding of future construction projects.

Source: Rockefeller Institute of Government

1.1%

Percentage increase in NEMA’s Lighting Systems (LSI) Index (on a quarter-to-quarter basis) during the first quarter of 2010. On a year-over-year basis, the index posted a similar increase of 1.2%, marking the first time since the second quarter of 2006 that the LSI has registered an appreciable gain compared to the same period a year ago.

Source: NEMA

11%

Percentage increase in the value of construction starts in January through April as compared with the same period the previous year.

Source: Reed Construction Data

24,600

Number of jobs added in April as a result of stimulus construction funds provided by the American Recovery and Reinvestment Act of 2009. This total was preceded by 36,500 jobs created in March from stimulus money.

Source: Associated General Contractors of America

-10%

Percentage drop in housing starts in May, bringing the total to a seasonally adjusted annual rate of 593,000 units, which is the slowest pace since December 2009.

Source: Census Bureau

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