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
In October 2019, the Housing Market Index (HMI) was at 71 with increased performance in the current, future and traffic components of the index.
The annualized value of Construction Put-in-Place was $1.29T in September 2019, 2.0% below its year-ago activity.
Construction Update
In September 2019, housing permits reflected an annual rate of 1.39M, a 7.7% increase from their year-ago rate with increases in both Single-family and Multi-family permits.
Housing starts in September 2019 were 1.6% above their year-ago rate with 1.26M starts, with an increase in Single-family starts.
The ABI slightly fell below 50 (neutral) in September 2019 to 49.7 points, with the South region and the Residential sector in the lead.
Economic Update
The advance estimate of real GDP growth for Q3 2019 was 1.9%, a 0.1% decrease from the previous quarter's estimate of 2.0%.
The Leading Indicator of Remodeling Activity (LIRA) projected annual spending for home improvements and repairs to grow 4.6% in Q4 2019, reaching $327B.
