This document summarizes construction industry statistics for 2016. Key points include: - Contractor confidence and nonresidential investment readings were above 50, indicating growth. Unemployment rates fell to 9-year lows. - Housing starts trended upward over the year, finishing above December 2015 levels for both single-family and total starts. - However, excluding a slight bump in single-family permits, total permits declined from the previous year. - Three areas to watch that could impact the industry are increasing regulatory complexity, ongoing skilled labor shortages, and rising interest rates.

1. 2016YEAR END
Construction
Vital Statistics
Contractor ConfidenceReadings above 50 indicate growth
Nonresidential Investment
Growth Indices
Unemployment Rate
Sales
Expectations
StaffingLevel
Intentions
ProfitMargin
Expectations
1stHalf2016
61.1
1stHalf2016
64.9
Housing Starts
MaterialPrices
OverallPrices AveragePrices
vs.PreviousYear
3.4%
1.7%
Spending
OverallSpending
ArchitectureBillingsIndex
DodgeMomentumIndex
CommercialBuilding
AverageSpending
vs.PreviousYear
5.82%
4.04%
1stHalf2016
64.1
9YearHigh 8YearHigh
3 Key Areas to Watch
Increasingregulatorycomplexityand
volitilityinWashington
Continuationofskilledlaborshortage,
compoundedbyupdatedtechnology
Risinginterestrates
Construction Industry
-9%
-6%
-3%
0%
3%
6%
Total 1-Family Units 5+ Family Units
Housing Permits
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
Total 1-Family Units 5+ Family Units
Other than a slight bump in single-family unit
permits (just over 4%), the total number of
permits issued showed a decline from last
year. The single-family sector still ended at a
2-year high.
■2016OverallGrowth■2015OverallGrowth■2016OverallGrowth■2015OverallGrowth
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
Jan Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
National Overall
2nd
Half
2015
67
2nd
Half
2015
62.8
2nd
Half
2015
63.9
Spurred by the single-family sector, starts
trended upward, finishing the year above
December 2015 levels, both in single-family
and total starts.

2. 1-800-ASK-CBIZ | www.cbiz.com/construction
2015 vs 2016
Nonresidential Construction Spending
Total Single-Family Starts (in relation to Dec 2014 levels)
Total Single-Family Permits (in relation to Dec 2014 levels)
Nonresidential Construction Material Prices
Total Multi-Unit Starts (in relation to Dec 2014 levels)
Total Multi-Unit Permits (in relation to Dec 2014 levels)
25.0%
2015
20.0%
15.0%
10.0%
5.0%
0.0%
-5.0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016
0.5%
0.4%
2015
0.3%
0.2%
0.1%
0.0%
-0.1%
-0.2%
-0.3%
-0.4%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016
20.0%
2015
15.0%
10.0%
5.0%
0.0%
-5.0%
-10.0%
-15.0%
-20.0%
-25.0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016
20.0%
2015
10.0%
0.0%
-10.0%
-20.0%
-30.0%
-40.0%
-50.0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016
6.0%
2015
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
-8.0%
-10.0%
-12.0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016
100.0%
2015
80.0%
60.0%
40.0%
20.0%
0.0%
-20.0%
-40.0%
-60.0%
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2016
MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm that provides audit, review and attest
services, and works closely with CBIZ, a business consulting, tax and financial services provider. CBIZ and
MHM are members of Kreston International Limited, a global network of independent accounting firms.