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
The ABI for August 2019 fell to 47.2 points, below the 50(neutral), with the West region and the Institutional sector in the lead.
The third estimate of real GDP growth for Q2 2019 was 2.0%, a 1.1% decrease from the previous quarter's estimate of 3.1%.
Construction Update
The annualized value of Construction Put-in-Place was $1.29T in August 2019, 1.9% below its year-ago activity.
713K new Single-family homes were sold in August 2019, 18% above the year-ago rate.
Economic Update
In September 2019, the unemployment rate decreased to 3.5% after adding 136K jobs, 7K of which were in the Construction Industry.
Out of the large MSAs (1M+ population), 37 of 51 showed year-over-year unemployment rate decreases in August 2019 with Portland-South Portland, ME, having the lowest unemployment rate of 1.7%.
