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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HighlightsENR Construction Industry Confidence Index jumped to 68 in Q4, highest in 2016 Builders’ confidence retreated slightly in January, following high score in December |
Construction UpdateU.S. Construction Put-in-Place up 4.1% annually to $1.18T in November 2016 Dodge Momentum Index made strong gains in December 2016, up 2.9% to 136.7 |
Economic UpdateDecember 2016 CPI-U (inflation) rose 0.3%, gains primarily from shelter index Engineering & Construction Cost Index (ECCI) for December was 53.3 |
Key Takeaways
- The ENR Construction Industry Confidence Index (CICI) jumped to 68 in Q4 2016, up 10 points from Q3, indicating that most executives fueled by post-election confidence feel that construction activity will see growth through the end of 2017
- Following December's highest index score since July 2015, the NAHB/Wells Fargo Housing Market Index (HMI) contracted slightly to 67 in January 2016
- Construction Put-in-Place was $1.18T in November 2016, 4.1% above year ago activity
- The Dodge Momentum Index (DMI) made gains in December 2016, with 2.9% growth to 136.7, the highest score in 8 years
- CPI-U which indicates inflation, made further gains in December 2016 by 0.3%, following the 0.2% increase in November
- In December, the Engineering & Construction Cost Index (ECCI) score of 53.3 indicated that construction costs are on the rise, the expectation for higher prices in 6 months is also growing
