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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HighlightsDodge Momentum Index was 134.7 in July 2016, showing 0.6% growth July 2016 ABI dipped further to 51.5 but was the sixth consecutive positive score |
Construction UpdateJuly 2016 Housing Permits dropped 0.1% since June; Starts stronger with 2.1% gain LIRA Q2 2016 Index indicates remodeling will be up 8% to $321B by early 2017 |
Economic UpdateJuly 2016 CPI-U (Inflation) was flat after 2 months with 0.2% gains August 23016 HMI rose 2 points to 60, maintaining its narrow positive range |
Key Takeaways
- The Dodge Momentum Index (DMI) slightly increased by 0.6% to 134.7 in July 2016, following strong growth in the index in June
- The Architectural Billings Index (ABI), a 9-12 month leading indicator for commercial construction, declined further to 51.5 in July 2016
- In July 2016, housing permits dropped 0.1% over June 2016; however, housing permits increased 0.9% above the July 2015 estimate
- Housing starts made gains in July 2016 with 2.1% growth to 1.2M; both single family (+0.5%) and multi-family (+5.0%) starts showed gains
- By early 2017 the Leading Indicator of Remodeling Activity (LIRA) projects remodeling spending to accelerate to 8% and reach $321B
- The CPI-U which indicates inflation was flat (0.0%) in July 2016, following gains of 0.2% in both May and June 2016
- The NAHB/Wells Fargo Housing Market Index (HMI) rose 2 points to 60, indicating that builders' confidence remains positive
