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, was unchanged in September 2019, after rising 0.1% in August.
The Dodge Momentum Index (DMI) reached 143.6 in September 2019, 4.1% above the revised August score of 137.9.
Construction Update
September 2019, construction final demand prices saw a growth of 5.5%, while construction industry goods saw a decline of 1.7% from their year-ago values.
The Construction Cost Index (CCI) and Building Cost Index (BCI) in October 2019 showed increases in current pricing with an annual growth of 1.3% and 1.2%, respectively.
Economic Update
The Engineering & Construction Cost Index (ECCI) in September 2019 showed an increase in current pricing with a score of 58.5, while the expectation for higher prices in the next 6 months decreased marginally.
The August 2019 Job Openings & Labor Turnover (JOLTS) report indicated that the construction segment had 379K unfilled job openings and made 44K hires.
