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?
Highlights
The advanced (first) estimate of real GDP growth for Q2 2017 was 2.6%, following 1.2% growth in the first quarter.
The Construction Industry Round Table (CIRT) Sentiment Index for Q3 2017 was 57.1, down from the Q2 score of 62.4.
Construction Update
Construction Put-in-Place was $1.21T in June 2017, 1.6% above year ago activity.
610K new Single Family homes were sold in June 2017, 9.1% above the June 2016 rate. The median sales price of new homes was $311K in the month, nearly a $35K drop from May 2017.
Economic Update
In July 2017, the unemployment rate fell to 4.3% with 209K non-farm jobs added. The Construction industry added 6K jobs in the month, after adding 15K in June 2017.
43 of the 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in June 2017. Denver, CO had the lowest rate, at 2.5%.
