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 starting now, we're making this report available for anyone who's interested in reading it.
What's New In This Report?
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HighlightsDMI rose 4.1% to 125, reversing previous decline NMHC Conference was filled with optimism for apartments |
Construction UpdateConstruction Put-in-Place 8.2% Increase to $1,117M
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Economic Update43 of 51 Large MSAs show 12-month unemployment decreases
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Key Takeaways
- Dodge Momentum Index is at 125, up 4.1% from November and 2.4% from last year, with both institutional and commercial projects growing at a similar pace
- Construction put-in-place is up 8.2% from last year, with nonresidential leading the growth
- New single-family sales are up to 544K, 10.8% from November and 9.9% increase from last year. Current supply is 5.2 months
- 43 of the 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in November, with Salt Lake City, UT, having the lowest rate (2.2%)
- Real GDP increased 0.7% for Q4 2015 and 2.4% for 2015 year, same annual increase as 2014
- NMHC held it's annual meeting in Orlando this past January and the apartment market continues strong. Check out my blog post and monthly minute video for more on the event
