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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HighlightsLIRA nahb/WF HMI: Solid at 60 |
Construction UpdateDecember Housing Construction PIP: $1,122M |
Economic UpdateUnemployment decreased in 47 of 51 Large MSAs Inflation "All Items": +0.7% |
Key Takeaways
- By Q3 2016 the Leading Indicator of Remodeling Activity (LIRA) projects remodeling spending to accelerate to 7.6% and reach $155B
- The January Housing Market Index held solid at 60, marking its eighth straight month in the 60s
- Construction Put-in-Place in November increased by 10.5% to $1,122M
- In December, housing permits authorized was 1,232,000 which was a 3.9% decrease from November
- Housing starts also dropped by 2.5% to 1,149,000
- 47 of the 51 large MSAs (1M+ population) showed year over year unemployment rate decreases in November
- The CPI-U, which indicates inflation increased by 0.7% in December
