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
CPI-U, which measures inflation, increased 0.2% in February 2019, after being unchanged since November 2018.
The Dodge Momentum Index (DMI) reached 146.9 in February 2019, 4.4% less than the revised January score of 153.6.
Construction Update
The annualized value of Construction Put-in-Place was $1.28T in January 2019, 0.3% above its year-ago activity.
In December 2018, 621K new Single-Family homes were sold, 2.4% below its year-ago rate. The average sales price of the new homes were $377,000.
Economic Update
In February 2019, the unemployment rate decreased to 3.8% after adding just 20K jobs. The Construction Industry had a decline of 31K jobs.
Out of the large MSAs (1M+ population), 28 of 51 showed year-over-year unemployment rate decreases in January 2019 with Ames, IA, having the lowest unemployment of 1.9%.
