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?
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HighlightsThe second estimate for Q2 2016 GDP was 1.1% 39 states showed positive changes in construction employment in July |
Construction UpdateConstruction put-in-place 1.5% annual increase to $1.153B New single-family sales: 654K houses, 31.3% above the July 2015 estimate |
Economic UpdateUnemployment stayed at 4.9% with 151K non-farm jobs added 40 of 51 large MSAs show 12-month unemployment decreases |
Key Takeaways
- The second estimate for GDP growth in Q2 2016 was 1.1%, relatively unchanged from the first estimate of 1.2%
- 39 states experienced positive year-over-year changes in construction employment
- Construction put-in-place was $1,153B in July 2016, 1.5% above July 2015
- 654K new single-family houses were sold in July 2016, 31.3% above the July 2015 estimate
- In August 2016 unemployment stayed at 4.9%, with 151K non-farm jobs added
- 40 of the 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in July 2016, with the Denver MSA having the lowest rate (3.4%)
