Every two weeks, we prepare a report focused on understanding market intelligence and analyzing construction industry data and trends.
This in-depth report is developed primarily for internal distribution, but because we want to keep construction professionals like you informed about the industry, we make this report available to anyone who's interested in reading it.
What's New In This Report?
Highlights
The Engineering & Construction Cost Index (ECCI) in March 2019 showed an increase in current pricing with a score of 60.4, while the expectation for higher prices in 6 months decreased marginally.
In February 2019, construction final demand prices and construction industry goods saw growth of 4.8% and 1.8%, respectively, from their year-ago values.
Construction Update
The annualized value of Construction Put-in-Place was $1.32T in February 2019, 1.1% above its year-ago activity.
The Construction Cost Index (CCI) and Building Cost Index (BCI) in April 2019 showed increases in current pricing with an annual growth of 2.3% and 2.6%, respectively.
Economic Update
In March 2019, the unemployment rate stayed at 3.8% after adding 196K jobs including the Construction Industry share of 16K jobs.
Out of the large MSAs (1M+ population), 44 of 51 showed year-over-year unemployment rate decreases in February 2019 with Ames, IA, having the lowest unemployment of 1.4%.
