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
The Homeownership rate increased to 64.3% in Q2 2018 indicating the decline in the national rate has leveled off. Regionally rates varied, but all also experienced yearly increases.
In August 2018, the HMI slightly declined to 67 with marginal decreases in the Current, Future and Traffic components of the index.
Construction Update
In July 2018, housing permits reflected an annual rate of 1.31M, a 4.2% above its year-ago rate with both Single and Multi-Family showing yearly increases.
Housing starts in July 2018 were 1.4% below their year-ago rate. Single Family was up annually by 2.7% at 862K starts, but Multi-Family was down by 11.6% at 306K starts.
The Dodge Momentum Index (DMI) reached 169.8 in July 2018, 1.4% above revised June score of 167.3 and 28.4% above its year-ago score.
Economic Update
In July 2018, construction final demand prices and construction industry goods saw a growth of 3.2% and 9.5%, respectively, from its year-ago value.
CPI-U, which measures inflation, increased by 0.2% in July 2018, following 0.1% in June.
