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 second estimate of real GDP growth for Q3 2018 was 3.5%, a decrease from the previous quarter's growth of 4.2%.
CPI-U, which measures inflation, remained unchanged in November 2018, after rising 0.3% in October 2018.
Construction Update
The annualized value of Construction Put-in-Place was $1.3T in October 2018, 4.9% above its year-ago activity.
The Dodge Momentum Index (DMI) reached 159.7 in November 2018, 5.3% above the revised October score of 151.7 and 7.5% above its year-ago score.
Economic Update
In November 2018, the unemployment rate stayed at 3.7% after adding 155K jobs, with 5K added in the Construction Industry.
Thirty six of 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in October 2018 with Ames, IA showing the lowest unemployment of 1.1%.
