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 Industry Confidence Index fell to 61 in Q4
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Construction UpdateConstruction Put-in-Place 10.3% increase to $1,143M
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Economic UpdateUnemployment is 5.0% with 215,000 non-farm jobs added
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Key Takeaways
- The ENR Construction Industry Confidence Index (CICI) dropped to 61 in the first quarter down 7 points from Q4 2015, indicating that most of the executives surveyed believe growth will begin to level off by the end of this year and be flat in 2017
- The Architectural Billings Index (ABI), a 9-12 month leading indicator for commercial construction, inched back above 50 to 50.3 in February
- Construction Put-in-Place for January 2016 was $1.14B, which was 10.3% above the February 2015 estimate
- 512,000 new single family houses were sold in February 2016, which was a 2.0% gain from January 2016 sales activity and 6.1% below February 2015
- The unemployment rate raised slightly to 5.0%, with 215,000 non-farm jobs added
- The third estimate for Q4 2015 GDP showed a second positive revision to 1.4% growth in the quarter, which is an increase from the 1.0% second estimate
