Construction Executives See Higher Prices, While Expectations for Order Books and Employment Soften, According to Latest D&B Construction Survey.Business Editors MURRAY HILL Murray Hill may refer to one of the following places:
U.S. construction executives anticipate higher prices in the upcoming three months, while growth in order books and employment is expected to soften, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest Dun & Bradstreet Construction Survey. "The survey results suggest that the construction industry remains on a moderate growth path, despite predictions from some observers that the industry may be in for a significant slowdown," said Dr. Iris Geisler, an economist with Dun & Bradstreet. "The number of executives expecting to increase prices in the upcoming three months rose to one-in-four in the June survey, up from one in five in May. The upward pressure on prices was underscored by the fact that according to the National Association of Realtors The National Association of Realtors (NAR) is made up of residential and commercial realtors who are brokers, salespeople, property managers, appraisers, and counselors, and others working in the real estate industry. the current inventory of homes slipped to a 3.6 months supply, down 32 percent from a year ago. The relative paucity pau·ci·ty n. 1. Smallness of number; fewness. 2. Scarcity; dearth: a paucity of natural resources. of homes for sale should keep the construction industry busy for months to come," Geisler commented. The Dun & Bradstreet Corporation's monthly survey of 200 construction executives tracks both current conditions and three-month expectations. The June survey results for three-month expectations show a 12-point drop in the Order Books Index to 40, accompanied by a 12-point decline in the Employment Index to 27. The Prices Index rose five points to 25. Current Conditions Remain Moderate, But Down from a Year Ago The D&B indexes measuring current conditions for order books and employment were up in June, while the Prices Index remained even at 39. The improvement in current conditions for order books and employment was only moderate for the time of year. At 39, the Prices Index is at its second highest level since the survey began in 1989. While the Order Books Index was up six points from May, to 19, the index was down 20 points compared with the year-ago level. The Employment Index climbed eight points from May, to 6, down six points from June 1999. The Dun & Bradstreet Corporation The Dun & Bradstreet Corporation (NYSE NYSE See: New York Stock Exchange :DNB DNB Dictionary of National Biography DNB Drum N Bass (music) DNB De Nederlandsche Bank DNB Dun & Bradstreet (stock symbol) DNB Den Norske Bank DNB David Nelson Band ), based in Murray Hill, New Jersey
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THE DUN & BRADSTREET CONSTRUCTION SURVEY
1999 2000 2000 2000
June April May June
Three-Month
Expectation Indexes
Order Books 50 46 52 40
Employment 24 28 39 27
Prices 21 30 20 25
Current Conditions
Indexes
Order Books 39 11 13 19
Employment 12 4 -2 6
Prices 39 40 39 39
The indexes are calculated by subtracting the percentage of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. expecting/experiencing a decrease in order books, employment and prices from the percentage expecting/experiencing an increase. Source: Economic Analysis Department The Dun & Bradstreet Corporation |
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