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 third estimate of real GDP growth for Q1 2018 was 2.0% and the real GDP for Q4 2017 was 2.9%, both above the previous year values.
The Construction Cost Index (CCI) and Building Cost Index (BCI) in July 2018 both showed increases in current pricing with an annual growth of 3.0% and 3.3%, respectively.
Construction Update
The annualized value of Construction Put-in-Place was $1.31T in May 2018, 4.5% above its year ago activity.
689K new Single Family homes were sold in May 2018, 14.1% above its the year-ago rate.
Economic Update
In June 2018, the unemployment rate increased to 4.0% after adding 213K jobs, with 13K added in the Construction Industry.
48 of 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in May 2018 with Ames, IA showing the lowest unemployment of 1.5%.
