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?
Highlights
The ENR Construction Industry Confidence Index (CICI) fell 4 points to 72 in Q2 2017. In spite of the contraction, most executives feel construction activity will see growth through 2018.
The Dodge Momentum Index (DMI) contracted 2.4% in August 2017 to 129.1; the commercial building component dropped 8.7% while the institutional building component gained 7.3% in the month.
Construction Update
In September 2017, the Construction Cost Index (CCI) by ENR showed 4.0% annual growth, in spite of being flat in the month.
The Engineering & Construction Cost Index (ECCI) reached a score of 54.0 in August 2017 indicating that construction costs continue to rise. The expectation for higher prices in 6 months is also growing.
Economic Update
37 of 51 states showed year-over-year construction employment gains in July 2017; with the strongest gains in Oregon and the deepest contractions in South Dakota.
CPI-U which indicates inflation, made further gains in August 2017 by 0.4%, following the 0.1% increase in July.
