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
In June 2017, the ABI improved again to 54.2 for the fifth consecutive month indicating that design demand is increasing.
The DMI rose 1.1% in June 2017 to 141.1. The institutional component rose 4.8%, while the commercial contracted 1.3% in the month.
Construction Update
In June 2017, housing permits made gains to 1.3M, 5.1% above the June 2016, year-ago rate.
Housing starts in June 2017 were up 2.1% from last year to 1.2M.
The HMI in July 2017 fell 2 points to 64, with mixed regional index scores.
Economic Update
June 2017 CPI-U (inflation) was flat, following 0.1% decrease in May 2017.
In July 2017 the CCI showed a 4.0% annual gain in construction costs, supported by ongoing increases in the labor components.
