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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HighlightsENR Construction Index Confidence Index fell to 58 in Q3 2016 Construction Backlog Indicator (CBI) dropped to 8.5 months in Q2 2016 |
Construction UpdateU.S. Construction Put-in-Place down -0.3% annually to $1.142B Dodge Momentum Index was 129 in September 2016, after 4.3% drop |
Economic UpdateUnemployment is 5% with 156,000 non-farm jobs added in September August 2016 JOLTS showed 184K unfilled job openings and 23K hires |
Key Takeaways
- The ENR Construction Industry Confidence Index (CICI) dropped to 58 in Q3 2016 down 4 points from Q2, indicating most executives feel activity in 2017 will be flat
- The Associated Builders and Contractors (ABC) reported a slight contraction in their Construction Backlog Indicator (CBI) Index to 8.5 months in Q2 2016
- Construction Put-in-Place was $1,142B in August 2016, 0.3% below August 2015
- The Dodge Momentum Index (DMI) dropped 4.3% to 129 in September 2016
- In September 2016 unemployment was little changed at 5%, with 156K non-farm jobs added
- The August 2016 Job Openings & Labor Turnover (JOLTS) report indicated that the construction segment had 184K unfilled job openings and made 23K hires
