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 ABI remained above 50 (neutral) in January 2019 at 55.3 points. Most of the regions and sectors remained above 50, with the South region and the Mixed Practice sector in the lead.
In February 2019, the Housing Market Index (HMI) was at 62 with increased performance in the current, future and traffic components of the index.
Construction Update
The Associated Builders and Contractors (ABC) reported a 1.1% decrease from the previous quarter in their Construction Backlog Indicator (CBI) to 8.9 months of backlog in Q4 2018.
657K new Single-Family homes were sold in November 2018, 7.7% below its year-ago rate.
Economic Update
CPI-U, which measures inflation, remained unchanged in January 2019, from the inflation index in December 2018.
The Dodge Momentum Index (DMI) reached 157.7 in January 2019, 4.7% above the revised December score of 150.6 and 7.9% above its year-ago score.
