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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HighlightsThird estimate of real GDP for Q1 2016 is 1.1%, up from second estimate May 2016 ABI rebounded to 53.1, continuing a generally upward trend |
Construction UpdateConstruction Put-in-Place value was $1.14B, 2.8% growth since May 2015 Dodge Momentum Index was 134.4 in June 2016, showing 11.2% growth |
Economic UpdateUnemployment was 4.9% in June, with 287K non-farm jobs added 46 of 51 large MSAs showed 12-month unemployment decreases |
Key Takeaways
- The third estimate for Q1 2016 real GDP was 1.1% growth, stronger than the previous two estimates and was attributed to stronger performance in exports
- The Architectural Billing Index (ABI), a 9-12 month leading indicator for commercial construction, rebounded in May 2016 to 53, continuing a generally upward trend since January 2016
- Construction Put-in-Place in May 2016 increased by 2.8% above May 2015 to $1.14B
- The Dodge Momentum Index (DMI) rose an impressive 11.2% to 134.4 in June, led by 14.6% growth for institutional projects entering the planning stage
- In June 2016 unemployment was 4.9%, with 287K non-farm jobs added
- 46 of the 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in April, with Austin-Round Rock, TX having the lowest rate (2.9%)
