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 Homeownership rate increased to 64.4% in Q3 2018 indicating the onward growth in National rate since the decline in 2016. Regionally rates varied, but all also experienced yearly increases.
The Dodge Momentum Index (DMI) reached 150.5 in October 2018, 4.2% below the revised September score of 157.0 and approximately 15% above its year-ago score.
Construction Update
The annualized value of Construction Put-in-Place was $1.33T in September 2018, 7.2% above its year-ago activity.
The Construction Cost Index (CCI) and Building Cost Index (BCI) in November 2018 both showed increases in current pricing with an annual growth of 2.9% and 3.2%, respectively.
Economic Update
In October 2018, the unemployment rate stayed at 3.7% after adding 250K jobs, with 30K added in the Construction Industry.
Out of the large MSA's (1M+ population), 38 of 51 showed year-over-year unemployment rate decreases in September 2018 with Ames, IA, showing the lowest unemployment of 1.4%.
