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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HighlightsResidential building gained 13% in Jan, according to Dodge PPI inputs to construction, goods contracted 0.6% |
Construction UpdateConstruction put-in-place was $1.1B in Jan, a 10.4% gain
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Economic UpdateUnemployment is .9% with 242,000 non-farm jobs added
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Key Takeaways
- In January 2016, residential building construction starts gained 13% over December 2015 activity, while non-building and non-residential building contracted
- Construction Producer Price Indexes (PPIs), specifically Inputs to Construction, Goods show a loss of 0.6% in January 2016 from December 2015 prices and 2.7% below January 2015 prices
- Construction put-in-place for January 2016 was $1.1B, which was 10.4% above the January 2015 estimate
- 494,000 new single family houses were sold in January 2016, which was a 9.2% drop from December 2015 sales activity and 5.2% below January 2015
- The unemployment rate is unchanged at 4.9%, with 242,000 non-farm jobs added
- The second estimate for Q4 2015 GDP showed a positive revision to 1.0% growth in the quarter, which is an increase from the 0.7% first, advanced estimate
