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 Homeownership rate increased to 64.2% in Q1 2018 indicating the decline in the national rate has leveled off. Regionally rates varied, but all also experienced yearly increases.
The Dodge Momentum Index (DMI) reached a high of 163.0 in April 2018, 6.1% above March score of 153.7. Institutional building component increased by 5.8% and commercial rose by 6.3%.
Construction Update
The annualized value of Construction Put-in-Place was $1.28T in March 2018, 3.9% above its year ago activity.
CPI-U, which measures inflation increased by 0.2% in April 2018, following 0.1% decline in March.
Economic Update
In March 2018, the unemployment rate decreased to 3.9% after adding 164K jobs. The Construction Industry employment increased to 17K jobs last month following the decline in March 2018.
45 of 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in March 2018 with Ames, IA showing the lowest unemployment of 1.7%.
