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 Dodge Momentum Index (DMI) increased in February 2018 to 146.9, 0.5% above January score of 146.2; institutional building component increased by 8.2%, while commercial decreased by 4.8%.
In the Fourth quarter of 2017, the Leading Indicator of Remodeling Activity (LIRA) forecasts remodeling annual spending to grow 7.5% reaching $339B in 2018.
Construction Update
In February 2018, construction final demand prices and construction industry goods saw a growth of 3.5% and 5.2%, respectively, from its year-ago value.
CPI-U which measures inflation increased by 0.2% in February 2018, following the 0.5% increase in January 2017.
Economic Update
In February 2018, the unemployment rate held steady at 4.1% after adding 313K jobs. The Construction Industry added 61K jobs in the February, totaling 185K jobs in the past 4 months.
47 of 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in January 2018 with Ames, IA showing the lowest unemployment of 1.8%.
