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 May 2019, after rising 0.3% in April 2019.
In May 2019, the Housing Market Index (HMI) was at 66 with increased performance in the current, future and traffic components of the index.
Construction Update
The annualized value of Construction Put-in-Place was $1.29T in April 2019, 1.2% below its year-ago activity.
The Dodge Momentum Index (DMI) reached 141.0 in May 2019, 1.0% less than the revised April score of 142.4.
Economic Update
In May 2019, the unemployment rate stayed at 3.6% after adding 75K jobs, 4K of which were in the Construction Industry.
Out of the large MSAs (1M+ population), 45 of 51 showed year-over-year unemployment rate decreases in April 2019 with Ames, IA, having the lowest unemployment rate of 1.3%.
