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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HighlightsNAHB/WF Housing Market Index
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Construction UpdateHousing permits were up 3.1%
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Economic Update48 of 51 large MSAs show 12-month unemployment decreases
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Key Takeaways
- The NAHB/Wells Fargo Housing Market Index (HMI) showed builder confidence remained unchanged in March at 58
- The Dodge Momentum Index (DMI) rose 0.5% to 126.1 in February, marking the third consecutive month-to-month gain for the index
- Housing Permits gained 3.1% in February to 1.2M, supported by a modest gain in single family permits
- In February, housing starts were 1.2M a 5.2% increase from January, led by single family showing solid growth
- The February starts total marked the highest level of housing starts since November 2007, posting a 30.9% gain above the February 2015 estimate
- 48 of the 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in January, with Denver-Aurora-Lakewood having the lowest rate (3.0%)
- The CPI-U which indicates inflation decreased by 0.2% in February
