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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HighlightsBuilders’ Confidence ending the year on a high with a reading of 70 in December Construction Backlog Indicator (CBI) increased to 8.7 months in Q3 2016 |
Construction UpdateU.S. Construction Put-in-Place up 3.4% annually to $1.7T in October Dodge Momentum Index was relatively flat in November, up 0.3% to 133.2 |
Economic UpdateSecond estimate of real GDP for Q3 2016 is 3.2% above Q2 1.4% growth November 2016 CPI-U (Inflation) rose 0.2% gains primarily from shelter index |
Key Takeaways
- The NAHB/Wells Fargo Housing Market Index (HMI) ended the year on a high, gaining 7 points to 70, the highest reading since July 2005. This score is possibly an outlier, reflecting a very strong post-election bounce to builders' confidence
- The Associated Builders and Contractors (ABC) reported gains in their Construction Backlog Indicator (CBI) index to 8.7 months in Q3 2016
- Construction Put-in-Place was $1.17T in October 2016, 3.4% above year ago activity
- The Dodge Momentum Index (DMI) was relatively flat in November 2016 with an 0.3% gain to 133.2
- The second estimate of Q3 2016 GDP was 3.2%, above the first estimate of 2.9% growth in the quarter, and building on the 1.4% growth in Q2
- CPI-U which indicates inflation, made further gains in November 2016 by 0.2%, after a 0.4% increase in October
