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 0.3% in April 2019, after rising 0.4% in March 2019.
The advance estimate of real GDP growth for Q1 2019 was 3.2%, an increase from the Q4 2018 estimate of 2.2%.
Construction Update
The annualized value of Construction Put-in-Place was $1.28T in March 2019, 0.8% below its year-ago activity.
The Dodge Momentum Index (DMI) reached 144.3 in April 2019, 0.5% less than the revised March score of 145.1.
Economic Update
In April 2019, the unemployment rate decreased to 3.6% after adding 263K jobs, 31K of which were in the Construction Industry.
Out of the large MSAs (1M+ population), 33 of 51 showed year-over-year unemployment rate decreases in March 2019 with Ames, IA, having the lowest unemployment rate of 1.5%.
