The Center for Business and Economic Research
University of Nevada, Las Vegas
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The Center for Business and Economic Research University of Nevada, Las Vegas
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The Construction Index moved up for February, largely as a result of a bump-up in residential permitting. Other components of the index contributed negatively. The five-month moving average continued its decline. This reflects the decline in about 10,000 construction jobs over the past six months.
R. Keith Schwer
| Date | CONSTRUCTION INDEX | 5-MONTH MOVING AVERAGE | CHANGE PREVIOUS PERIOD | CHANGE YEAR AGO |
| February-07 | 144.05 | 154.12 | 2.39% | -25.40% |
| March-07 | 167.20 | 155.37 | 0.81% | -25.12% |
| April-07 | 162.84 | 157.80 | 1.56% | -24.92% |
| May-07 | 165.74 | 157.50 | -0.19% | -23.68% |
| June-07 | 149.16 | 158.70 | 0.76% | -16.26% |
| July-07 | 142.57 | 159.67 | 0.61% | -12.60% |
| August-07 | 173.19 | 179.64 | 12.51% | 3.82% |
| September-07 | 167.68 | 183.32 | 2.05% | 14.02% |
| October-07 | 265.60 | 177.97 | -2.92% | 11.78% |
| November-07 | 167.54 | 165.14 | -7.20% | 9.60% |
| December-07 | 115.82 | 157.30 | -4.75% | 6.25% |
| January-08 | 109.08 | 130.22 | -17.21% | -13.49% |
| February-08 | 128.45 | 117.78 | -9.55% | -23.58% |
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.
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