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 ABI remained slightly above 50 (neutral) in February 2019 at 50.3 points. All of the regions and sectors remained above 50, with the South region and the Mixed Practice sector in the lead.
In March 2019, the Housing Market Index (HMI) was at 62 with increased performance in the current and future components of the index.
Construction Update
The Associated Builders and Contractors (ABC) reported a 9.3% decrease from the previous quarter in their Construction Backlog Indicator (CBI) to 8.1 months of backlog in January 2019.
607K new Single-Family homes were sold in January 2019, 4.1% below its year-ago rate.
Economic Update
The third estimate of real GDP growth for Q4 2018 was 2.2%, a decrease from the previous quarter's estimate of 3.4%.
The ABC Construction Confidence Index reports that the majority of Non-Residential contractors are confident about sales growth, profit and staffing levels in 2019.
