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?
Highlights
The Second estimate of real GDP growth for Q1 2018 was 2.2% and the real GDP for Q4 2017 was 2.9%, both above the previous year values.
The Dodge Momentum Index (DMI) reached a high of 167.8 in May 2018, 1.8% above April score of 164.9, and 20.2% above its year ago score.
Construction Update
The annualized value of Construction Put-in-Place was $1.31T in April 2018, 7.6% above its year ago activity.
In April 2018, construction final demand prices and construction industry goods saw a growth of 4.2% and 6.4%, respectively, from its year-ago value.
Economic Update
In May 2018, the unemployment rate decreased to 3.8% after adding 223K jobs, with 25K added in the Construction Industry.
44 of 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in April 2018 with Ames, IA showing the lowest unemployment of 1.5%.
