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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HighlightsDodge Momentum Index was 134.9 in August 2016, showing 1.3% growth Engineering & Construction Cost Index (ECCI) for August was 45.4 |
Construction UpdatePPI Final Demand Construction dropped 0.6% in July 2016 Annual Construction Cost Index up 3.4% in September 2016 |
Economic UpdateAugust 2016 CPI-U (Inflation) rose 0.2% after being flat the previous month U.S. Construction employees’ wages make gains, while hours contract |
Key Takeaways
- The Dodge Momentum Index (DMI) rose 1.3% to 134.9 in August 2016
- In August, the Engineering & Construction Cost Index (ECCI) score of 45.4 indicated that construction costs fell again
- Construction Producer Price Indexes (PPIs), specifically "Final Demand for Construction" dropped 0.6% in July 2016, while still 0.8% above July 2015
- In September, the Construction Cost Index (CCI) by ENR showed 3.4% annual growth, same as the August reading
- CPI-U, which indicates inflation, gained 0.2% in August 2016, after being flat in July
- The average hourly wage for a U.S. construction employee has increased since June 2015, while the average hours worked per week has declined
