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?
Highlights
The Dodge Momentum Index (DMI) reached a high of 155.0 in March 2018, 6.1% above February score of 146.0; institutional building component increased by 1.6% and commercial rose by 9.6%.
MSAs in Texas and Florida led nominal population growth in the US.
Construction Update
The annualized value of Construction Put-in-Place was $1.27T in February 2018, 3.0% above its year ago activity.
CPI-U, which measures inflation decreased by 0.1% in March 2018, following the 0.2% increase in February.
Economic Update
In March 2018, the unemployment rate held steady at 4.1% after adding 103K jobs. The Construction Industry employment decreased by 15K jobs last month following the 65K jobs addition in February 2018.
45 of 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in February 2018 with Urban Honolulu, HI showing the lowest unemployment of 1.8%.
