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
CPI-U, which measures inflation, increased 0.1% in June 2019, the same increase as in May.
The ABC Construction Confidence Index reports that the majority of Non-Residential contractors are confident about sales growth, profit and staffing levels in 2019.
Construction Update
The annualized value of Construction Put-in-Place was $1.29T in May 2019, 2.3% below its year-ago activity.
The Dodge Momentum Index (DMI) reached 146.1 in June 2019, 4.0% above the revised May score of 140.5.
Economic Update
In June 2019, the unemployment rate increased to 3.7% after adding 224K jobs, 21K of which were in the Construction Industry.
Out of the large MSAs (1M+ population), 40 of 51 showed year-over-year unemployment rate decreases in May 2019 with Ames, IA, having the lowest unemployment rate of 1.5%.
