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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HighlightsMay 2016 Dodge Momentum Index (DMI) made gains, up to 119.4 PPI Inputs to Construction, goods increased by 0.5% |
Construction UpdateConstruction Put-in-Place value was $1.13B in May 2016, 4.5% above May 2015 Engineering & Construction Cost Index (ECCI) for May was 49.3 |
Economic UpdateUnemployment dropped to 4.7% while only 38,000 non-farm jobs added 37 of 51 large MSAs show 12-month unemployment decreases |
Key Takeaways
- The Dodge Momentum Index (DMI) rose 2.4% to 119.4 in May, indicating growth in projects entering planning stage in spite of subdued GDP growth and tightening lending standards
- Construction Producer Price Indexes (PPIs), specifically "Inputs to Construction, Goods" showed an increase of 0.5% in April 2016 from March 2016 prices and was 2.7% below April 2015
- Construction Put-in-Place in May 2016 increased by 4.5% above May 2015 to $1.13B
- In May, the Engineering & Construction Cost Index (ECCI) by IHS Procurement Executives Group indicated that construction costs fell again in May with a score of 49.3
- In May 2016 unemployment declined to 4.7%, but nonfarm job additions fell to 38K
- 37 of the 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in April, with Austin-Round Rock, TX having the lowest rate (2.9%)
