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 advanced estimate of real GDP growth for Q2 2018 was 4.1%, a steep increase from the previous quarter and previous year values.
The Leading Indicator of Remodeling Activity (LIRA) projected annual spending for home improvements and repairs to grow 7.4% in Q2 2018 reaching $324B.
Construction Update
The annualized value of Construction Put-in-Place was $1.32T in June 2018, 6.1% above its year ago activity.
631K new Single Family homes were sold in June 2018, 2.4% above the year-ago rate.
Economic Update
In July 2018, the unemployment rate decreased to 3.9% after adding 157K jobs, with 19K added in the Construction Industry.
39 of 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in June 2018 with Ames, IA showing the lowest unemployment of 2.0%.
