Every two weeks, Oldcastle Building Solutions Business Intelligence prepares a report focused on understanding and analyzing construction market data and trends.
This in-depth report is developed primarily for internal distribution, but Oldcastle Building Solutions exists to inform construction professionals like you so we're making this report available for anyone who's interested in reading it.
What's New In This Report?
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HighlightsPCA forecasts 3.4% growth in cement consumption in 2016 CMD Expansion Index rates 31 of 50 states as "Expanding" |
Construction UpdateDodge Momentum Index (DMI) down 7.1% after 3 months of gains PPI inputs to construction, goods contracted 0.6% |
Economic UpdateCPI-U (Inflation) rose 0.1% Construction costs are up 3.1% annually, with gains in labor |
Key Takeaways
- Portland Cement Association (PCA) released an updated forecast for cement consumption calling for 3.4% growth in 2016, followed by an additional 4.3% in 2017. Access the full spring 2016 PCA forecast in the CRH Industry Reports Group
- In Q1 2016, the CMD Expansion Index scored 31 out of 50 states as "Expanding," with Delaware and Mississippi as "Hot Spots"
- The Dodge Momentum Index (DMI) dropped 7.1% to 117.4 in March, setting back the last three months of gains for the index
- Construction Producer Price Indexes (PPIs), specifically "Inputs to Construction, Goods" show a loss of 0.6% in February 2016 from January 2016 prices and 3.7% below February 2015 prices
- In April, the Construction Cost Index (CCI) by ENR showed a 3.1% annual gain, supported by ongoing gains in labor components
- The CPI-U, which indicates inflation, rose by 0.1% in March
