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CBER Clark County Construction Index
The CBER Clark County Construction Index continued to decline in November, and the five-month moving average now stands at 46.68. Of the component series in the index, permitting activity was mixed when compared to 2010, with residential activity up 61.5 percent and commercial activity down by 38.1 percent. Construction employment was down by 0.7 percent with the loss of another 300 jobs over the past year and now stands at 42,700 employed. That figure represents a staggering decline from the peak employment level of 112,000 in June 2006, but is an improvement from six months earlier when construction employment stood at 39,300. This recent job improvement can be traced back to growth in specialty trade contractors, who are mostly involved in repairs and remodeling of existing structures.
| Date | CONSTRUCTION INDEX | 5-MONTH MOVING AVERAGE | CHANGE PREVIOUS PERIOD | CHANGE YEAR AGO |
| November-10 | 47.04 | 50.27 | -4.40% | -24.60% |
| December-10 | 48.59 | 50.07 | -0.40% | -22.11% |
| January-11 | 52.89 | 49.86 | -0.41% | -17.27% |
| February-11 | 41.70 | 48.36 | -3.02% | -17.61% |
| March-11 | 54.68 | 48.98 | 1.29% | -13.61% |
| April-11 | 45.44 | 48.66 | -0.66% | -12.79% |
| May-11 | 51.91 | 49.32 | 1.37% | -11.39% |
| June-11 | 57.13 | 50.17 | 1.72% | -11.43% |
| July-11 | 45.85 | 51.00 | 1.65% | -7.62% |
| August-11 | 51.35 | 50.34 | -1.30% | -8.33% |
| September-11 | 45.49 | 50.35 | 0.02% | -6.15% |
| October-11 | 45.17 | 49.00 | -2.68% | -6.82% |
| November-11 | 45.55 | 46.68 | -4.73% | -7.14% |
Development of the CBER Clark County Construction Index
The CBER Construction Index for Clark County is a simple average of three series -- construction employment, residential units permitted, and commercial units permitted. The series base period is January 1995. A 5 month moving average, computed to reduce month-to-month variation, is also shown. The series is not seasonally adjusted, no stable seasonal patterns were found.