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
CPI-U, which measures inflation, increased 0.3% in July 2019, after rising 0.1% in June.
In August 2019, the Housing Market Index (HMI) rose to 66 with increased performance in the current and traffic components of the index.
Construction Update
In July 2019, construction final demand prices saw a growth of 5.5%, while construction industry goods saw a decline of 0.6% from their year-ago values.
The Dodge Momentum Index (DMI) reached 138.9 in July 2019, 4.6% below the revised June score of 145.6.
Economic Update
In July 2019, the unemployment rate stayed at 3.7% after adding 164K jobs, 4K of which were in the Construction Industry.
Out of the large MSAs (1M+ population), 44 of 51 showed year-over-year unemployment rate decreases in June 2019 with Burlington-South Burlington, VT, having the lowest unemployment rate of 1.9%.
